Somebody mentioned the incredible cost of Dodd-Frank to the system, but I just want to start with, before Dodd-Frank, summer of 2008 to January, February 2009, the stock market lost 6,000 points at $1.3 billion per point, $7.8 trillion.
Perlmutter highlights the financial losses before Dodd-Frank to argue its significance.
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This committee has heard reports of modern-day redlining, high and misleading fees, and unfair use of credit scores.
If there is anything that is built on trust, it is banking, and the banking sector lost a lot of trust in 2008.
I think will bring a lot of fruit to bear in terms of suggestions that we had and have about modernizing and improving the way this place functions...
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