Political Quotes

Paul S. Sarbanes

The Public Record

Paul S. Sarbanes is a former U.S. Senator from Maryland, serving from 1977 to 2007. A member of the Democratic Party, Sarbanes was known for his work on financial regulation and consumer protection. He played a significant role in the passage of the Sarbanes-Oxley Act in 2002, which aimed to enhance corporate governance and accountability in the wake of major financial scandals. Throughout his career, Sarbanes focused on issues such as education, healthcare, and the environment, advocating for policies that benefited Maryland residents and the broader American public.

Quotes by year · 1994–2024206 total · peak 2003 (127)
1994: 1 quote1997: 1 quote2001: 20 quotes2002: 4 quotes2003: 127 quotes2004: 27 quotes2005: 7 quotes2006: 4 quotes2009: 6 quotes2010: 1 quote2011: 2 quotes2012: 1 quote2013: 1 quote2016: 3 quotes2024: 1 quote
Jul 22, 2003

I think that the location of OFHEO matters, and the proposal that he is making is certainly worthy of consideration.

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Jul 22, 2003

If I were confirmed, my primary mission would be to ensure that OFHEO gives rigorous, firm, fair, oversight to Fannie Mae and Freddie Mac.

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Jul 22, 2003

What are your views on those proposals?

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Jul 22, 2003

I think that would be helpful, and I think you are entitled to go back and examine the record carefully.

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Jul 22, 2003

I would certainly hope so. I think we should stipulate that that should be a basic requirement.

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Jul 22, 2003

But you do not think it is a very good rule, I take it, from that answer.

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Jul 22, 2003

Do you believe Federal financial regulations should prohibit fraud in the OTC derivatives market?

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Jul 22, 2003

Well, that may be, but you were amongst those that were opposed to it; is that not the case?

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Jul 22, 2003

Is there a substantive argument as to why it is the right standard now?

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Jul 22, 2003

You are their regulator. Do you think that this is an appropriate standard that they are being held to?

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Jul 22, 2003

As I understand your answer here today, your position now is in support of FAS 133; is that correct?

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