Political Quotes

“Thank you so much. I do appreciate this. This is so important. I am against this closed rule simply because we have mandated the kind of reform in Dodd-Frank that would keep us from ever being in the position in which we have to bail out these big institutions, and now we have so much organized push back and undermining of Dodd-Frank in which they are attempting to undo the reforms that we have done. Simply put, we cannot allow the branches and subsidiaries of these big broker dealers--these big banks--to go over and do trading with countries that don't have comparable rules. If we allow that to happen, we will be forced to do what we have seen with AIG, which was to bail them out to the tune of billions of dollars, and supposedly, we'd done reforms to keep from having to be in that position again. We will find that we will again be experiencing what happened with Goldman Sachs and others who ended up being the beneficiaries of our failed regulatory regime. So I am opposed to the closed rule. Vote against the closed rule, and then vote against the bill.”