The regulations are important, especially in an arena where huge amounts of money are being transferred. Billions of dollars were stolen from Americans. We have regulations in place. We need those regulations enforced. And if the Republican Party thinks that these things are in excess, they should go talk to some of the victims of those giant Ponzi schemes that occurred under their watch.
Speaker Perlmutter addresses the importance of enforcing financial regulations.
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For the purpose of debate only, I yield the customary 30 minutes to the gentlewoman from Minnesota (Mrs. Fischbach) pending which I yield myself such time as I may consume. During consideration of this resolution, all time yielded is for…
If there is anything that is built on trust, it is banking, and the banking sector lost a lot of trust in 2008.
And I want to thank the panel and all your colleagues for your persistence and your perseverance with this project because it had a few ups and downs over the course of its life.
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