Sen. Richard Shelby Overlooks Safeguards In Financial Regulation Bill

Follow this link to the fact checking item on politifact.com.

The conclusion of the article is:

So, to say that the fund “is available for virtually any purpose that the Treasury Secretary sees fit,” is more than a stretch.  We find Shelby’s claim to be False.

I credit RayS  for linking to this article on his Facebook page.

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