Bureaucratic overreach
Cry Wolf Quotes
…the government has used regulatory and political pressure to force banks and other government-controlled or regulated private entities to make loans they would not otherwise make and to reduce lending standards so more applicants would have access to mortgage financing… the CRA was used to pressure banks into making loans they would not otherwise have made and to adopt looser lending standards that would make mortgage loans possible for individuals who could not meet the down payment and other standards that had previously been applied routinely by banks and other housing lenders... a law that was originally intended to encourage banks to use safe and sound practices in lending now required them to be innovative and flexible--a clear requirement for the relaxation of lending standards.
[The bill would ensure] ‘Another vast Federal bureaucracy’ with an annual budget beginning at more than $1 million and the addition of 240 employees to Uncle Sam’s payroll. The organization suggests the ladies pursue their crusade through the collective bargaining process, rather than through legislation.
[The Clinton health care initiative is] washed-over old-time bureaucratic liberalism, or centralized bureaucratic socialism.
This regulation, whenever it is issued and takes effect, will be one of the most far-reaching workplace rules ever issued by any federal agency. Ultimately it will affect every business in the country.
