Political Quotes

“I will change my remarks. He said a single director, who doesn't have to come to Congress for an appropriation. The second thing we do is we have an appeal process, or a review process. Now, if I could have the second slide, what we have asked for is what you said you gave us; but this legislation--I won't say who--created a sham review process, and we want a realistic review process. We don't think any single person ought to be able to dictate a rule without any accountability. So what do we do? What is set up in Dodd-Frank? Seven out of the 10 regulators have to determine that any one rule will endanger the entire financial system--one rule. In other words, it takes seven of President Obama's 10 appointees to say that it would bring down the entire financial system. How would one rule ever do that? What we say is it endangers the safety and soundness of our financial institutions. That's all we do. That's all we do.”