Political Quotes

“As a result, what my friends on the other side like to call Wall Street reform is actually a Wall Street dream and a Main Street nightmare for all of us. Over the last several weeks, I have clearly articulated what needs to be changed in the underlying bill because we must do everything we can to create a credible resolution regime that protects not only our financial system but, more importantly, the American taxpayer. I believe it is simply unacceptable to expose innocent taxpaying American families to the excessively risky practices of Wall Street gamblers who are happy to enjoy the upside but want to socialize the downside. Mr. President, taxpayers should not incur losses from the bad outcome of private risks they did not undertake. In order to achieve this, the Dodd-Shelby amendment that we will offer eliminates the $50 billion bailout fund--some people have called it the 'honey pot.'”