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.
John Garamendi: “Where do you stand? Where do the Democrats stand? We clearly voted today for a major overhaul of the banking industry…”
Editor's note · Context
Garamendi discusses the Democratic stance on financial reform and critiques Republican opposition.
Share
More from John Garamendi
There is now overwhelming evidence that Secretary McMahon has violated the law by dismantling and transferring congressionally mandated programs including ones that protect students from discrimination.
Bloated defense spending has been a serious problem for far too long. Requiring unfunded priorities only encourages the Pentagon to seek additional funding outside the normal budget process, often at the expense of readiness and sound…
Secretary McMahon has been a disaster for students, teachers, and families, taking a sledgehammer to the Department of Education.
With House passage of this important legislation, the HOME Investment Partnerships Program will, for the first time since 1994, be modernized and brought into the 21st century.





