Today, under the guise of reform, my colleagues on the other side of the aisle have put forth legislation that will cripple the Federal Reserve's ability to promote growth, stabilize the economy, and, in times of extraordinary crisis, take decisive action to avoid an economic collapse.
Waters criticizes proposed legislation for undermining the Federal Reserve's effectiveness.
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Unfortunately, I want you to know that the megabanks are working overtime to try and kill the bank capital proposal.
I certainly agree with the need to have real enforcement, because I am concerned about Russia and Iran having a close relationship.
We cannot expect to have robust sanctions enforcement without robust funding for the agencies in charge of enforcement.
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