Wisconsin's First District Congressman Paul Ryan released the following statement regarding the Federal government's efforts to address the current financial crisis:
"The country is facing extraordinary challenges to its financial system. While the Administration continues to take sweeping steps to address this immediate and severe problem, we need to be careful not to reward bad behavior by Wall Street with taxpayer dollars. Congress must avoid playing politics with this problem to add controversial and costly provisions not directly related to the problem.
"In the long-run, we need to ensure the Federal Reserve stays focused on its primary mission of keeping inflation under control and not become a bank for troubled companies. In addition, if the Federal government is going to take steps to bail out companies and private investments, Congress needs to modernize the regulation of these activities to increase transparency and avoid this situation from being repeated in the future."