Where do you stand? Where do the Democrats stand? We clearly voted today for a major overhaul of the banking industry, the financial industry, and the mortgage markets, to put in place strict rules and regulations. That's where we stand--to protect consumers with the consumer protection bill. Where do the Republicans stand? Well, why don't we just quote the Republican minority leader, whose name I won't mention, but let's just say he represents the Republicans in this House. He is their leader. ... he said that this bill was a nuclear weapon to kill an ant. ... he said, ``This is killing an ant with a nuclear weapon,'' when referring to the Wall Street Reform and Consumer Protection bill.
Editor's note · Context
Garamendi discusses the Democratic stance on financial reform and critiques Republican opposition.
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