Political Quotes

On the recordFebruary 27, 2014
Mr. Chair, I yield myself 3 minutes. I rise in opposition to this amendment, and I will take a moment just to respond to the gentleman from Virginia who seemed a little bit disturbed that we would claim that they do not care about consumers. The proof of the pudding is in the eating, sir, and because of the way that the Republicans have opposed the Consumer Financial Protection Bureau, the manner in which we have described today that you have attempted to dismantle this Bureau, the way that you have tried to deny it having a strong Director, for all of those reasons, it is absolutely clear that you do not wish to have a Bureau that protects our consumers. And so when we make these charges, we make them because we have proof. We have the information, we have the actions, and we have all that you have done to demonstrate that you really don't want a Bureau to protect the consumers of this country. The fact is that Americans want banks to be regulated in order to prevent the kind of economic catastrophe that we are recovering from to this day. Because Republicans haven't been able to repeal the Dodd- Frank Act, you have focused on making it impossible for the agencies to enact the rules required by the Wall Street reform bill. Your new strategy is to prevent our regulators from functioning by saddling them with burdensome and duplicative cost-benefit requirements. Let's take a moment to talk about the cost of the financial crisis.…
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Maxine Waters
Democratic · California

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