Political Quotes

“What I am saying is that we need to have better review. The OCC needs to be able to do everything possible to ensure that they know what these big banks are going to do and whether or not they are going to close down branches, whether or not they are going to lay off people, whether or not people are only going to be able to go to their telephone, to the internet, and somehow try to get someone to talk to. Let me tell you what the definition of rubber-stamping is. In 2023, the OCC approved--you won't believe this--22 of 23 mergers within 60 days. That is 95 percent done in 2 months. Now, that is what you call rubber-stamping. That is what you call the big businesses, big banks being able to do whatever they want to do. Again, I will remind you that when these big mergers take place, they lay off people, and they close down branch banking. That is why we have what we call deserts that exist in communities; deserts because there is no branch banking. The big boys don't really care about branch banking. They are big, and they are doing exactly what I have indicated by making more money by laying off more people, having less services, and charging larger interest rates.”