All Quotes

I do not think there is much debate among any of us here, on either side of the aisle, that our Nation is far too dependent on petroleum and carbon-based resources for our energy.

This is a very critical issue to our country and to our people.

We extend our gratitude to Senator Crapo and the other members of the Idaho congressional delegation...

I also appreciate your hard work on this issue and look forward to working with you on this important legislation.

Are consumer lending practices that the industry celebrates as innovation actually useful to society, or are they just a way to make more and more money by betraying the trust of the American people?

The government cannot do that.

The creation of clearinghouses and increased information to trade information warehouses are positive steps to strengthen the infrastructure for clearing and settling credit default swaps.

While the central counterparty clearing and exchange trading of simple, standardized contracts has the potential to reduce risk and increase market efficiency, market participants must be permitted to continue to negotiate customized…

Recent events in the credit markets have highlighted the need for greater attention to risk management practices and the counterparty risk in particular.

The bottom line, Mr. Chairman, is I completely agree with the need to do as much as we can to assure that we have covered the risks in our economy that have been created by the utilization of these types of derivatives.

If Congress overreaches and bans or generates significant uncertainty regarding the legitimacy of decisions to customize individual OTC derivatives transactions there will be enormous negative implications on how companies manage risk.

Bifurcating safety-soundness oversight from consumer protection raises many questions.

Does this white paper institutionalize government bailouts in a new resolution authority?

The recent taxpayer funded bailouts and investment scandals demonstrate our regulatory system is outdated and largely irrelevant.

I intend to push for reforms that modernize and rationalize our Federal financial regulatory system to handle the challenges of 21st century markets.

I share a number of the concerns that have been raised by my colleagues here in reference to the new authorities to be given to the Fed.

It would be unconscionable to allow this proposed legislation, S. 409, to go forward.

What is the benefit/cost ratio of the proposed copper mine?