Political Quotes

“I would like to thank the gentleman for yielding. Mr. Chairman, as the ranking member of the Financial Services Committee, I feel it is extremely important to support this amendment. It is extremely important because we know that the work that we did on the reform measure, the Dodd-Frank measure, is so important to try to correct the lack of attention we were giving to our consumers and the fact that we needed to strengthen our financial services agencies. So when I see there is an attempt to weaken something such as the CFTC or the SEC or the OCC or any of our regulatory agencies, it is important for me to speak out and help people to understand what is being attempted. I urge support for this amendment to ensure our derivatives cop can protect our financial markets and economy. Make no mistake, even with this amendment, inadequate Republican funding for the CFTC furthers a larger effort to undermine the oversight of derivatives. {time} 1800 While more funding is needed, this measure will at least prevent layoffs. The CFTC thwarts Wall Street from manipulating the price of things like oil, corn, and gold. Without it, every American will feel the pain at the pump and the dinner table. The CFTC enforces laws Democrats enacted to rein in companies like AIG, whose activities led to the worst financial crisis since the Great Depression.…”