Political Quotes

“I am delighted to be here this morning. I am anxious to get started on voting on amendments so we can tackle the issue of Wall Street reform. We have to keep an eye on what happened to our economy, because Wall Street had no reasonable regulation. Markets were operating in the dark. There was very little fiduciary responsibility involved. There was all of this gambling with credit default swaps and CDOs. I am reading a book called 'The Big Short.' If anyone wants to try to understand what happened, read that. It is unbelievable what happened with derivatives, all operating in the dark. I wish to say to Senator Dodd how much I appreciate the work he has put into this bill. To put it simply, what the bill does is it ends taxpayer bailouts, flat out. That is why I was shocked when Members of the Senate on the other side of the aisle came down to the Senate floor and started criticizing the bill, saying it didn't end taxpayer bailouts, when that is what it does. That led me to think I would like to work with Senator Dodd on an amendment that clarifies this main point in the bill. Senator Dodd and his staff--and I worked with the Obama administration on it as well--said let's sit down and work it out. So we have a very strong amendment here that is not a sense of the Senate; it is real law. It is strong law. I hope it passes. I say to my friend Senator Dodd I hope this passes by a huge number of votes.”