Political Quotes

John Garamendi: “Clearly, the American financial institutions have worked themselves into a situation that will continue the risk that…”

On the recordApril 20, 2010
Clearly, the American financial institutions have worked themselves into a situation that will continue the risk that nearly brought down the world's financial institutions and that brought the world into one of its most dangerous economic times since the Great Depression. So we need to move legislation. I know that you're a member of the Financial Services Committee here and that you worked long and hard throughout the summer and fall of last year to put together comprehensive reform of the financial institutions, reform that would rein in the excesses, reform that would create transparency, reform that would create a Consumer Protection Agency.
Said by
John Garamendi
Democratic · California
Source
govinfo.gov
Apr 20, 2010

Editor's note · Context

Garamendi discusses the need for financial reform and the role of institutions in the economic crisis.

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