Political Quotes

“The gentleman is absolutely right. I know I see this in my own district, and in fact in my own neighborhood and in the families of my staff. We have on my staff families who have lost their home; who have had to do the short sale; who got into these mortgages that they couldn't possibly pay. They had these readjustments. All of those things. Now what was causing that? It was Wall Street. Wall Street was making it happen by creating these collateralized debt obligations, by the fancy financial manipulations. And why were they doing this? So they could make a big profit. And they did. Now, today, on this floor today we took up the Wall Street Reform Act and Consumer Protection Act. And it's very, very interesting how the Republican leader characterized the effort that the Democratic Members of this House and the Senate have made to address the excesses of Wall Street. This is the most substantial reform and adjustment of the horrendous Wall Street practices that took this country to the very edge of an extraordinary Depression.”