Argument: 2010 financial reform increases transparency

Issue Report: Restoring American Financial Stability Act of 2010


“Jim Webb: The case for financial reform.” August Free Press (Virginia). May 12, 2010: “Transparency. The American people deserve to know where their tax money goes. The TARP program was only the most visible of the taxpayer-financed bailouts of the financial industry; the Federal Reserve also provided hundreds of billions of dollars in other assistance as well. I am a cosponsor of an amendment that would require an audit of the Federal Reserve, in order to determine the extent of the taxpayer assistance that was provided to these private companies.”