Rep. Barney Frank, the top Democrat on the House Financial Services Committee, invoked images of the Wild West in blasting efforts by Rep. Michele Bachmann (R-Minn.) to repeal the financial overhaul bill passed last year.
Supporters of the effort "yearn to return to the thrilling days of yesteryear, so the loan arrangers can ride again-untrammeled by any rules restraining irresponsibility, excess, deception, and most of all, infinite leverage,'' Frank (D-Mass.) said in a statement.
Bachmann introduced the measure, HR 87, yesterday and so far it has four cosponsors.
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