Political Quotes

“I said, Yeah, it was a good decision. But what's the point here? He said, Well, you know, this Wall Street bunch, before your reform, it was like an NFL football game without any rules, and the referees were sent into the locker room. And you can kind of imagine what the outcome would be. Wild chaos and a lot of mayhem. He said, That's exactly what happened on Wall Street. The regulators during the Bush period stepped out of the room. The rules were not there to prevent the kind of excesses--if there were rules, there was nobody to make them obey it. And we wound up with the problem we had. Let's move to the future here. So what are we going to do next? In the financial reform, Wall Street reform, there was a provision, and in another bill that we passed earlier there was a provision that is extraordinarily important to the American worker. In existing law today and for the last couple of decades there's been a tax break for corporations who offshore jobs--a tax break that literally gives a tax reduction when an American corporation sends jobs offshore.”