Jim Himes: “What has changed is that we no longer do the hard work of finding finely balanced regulation like we do in water or in…”

“What has changed is that we no longer do the hard work of finding finely balanced regulation like we do in water or in air. In financial services--in Dodd-Frank today--we have a morality play: either you repeal Dodd-Frank in its entirety because it is awful or you may not touch a word in the law. Folks, we are about finding that balance. In as much as we go in front of each other and say that this is a giveaway to Wall Street, that doesn't help explain whether we should allow commodity swaps or not. What that does is impugn our motives as individuals, and it does not inform the debate. This is well-balanced regulation that passed overwhelming bipartisanly. Let's get away from this morality play and do our jobs by finding finely balanced regulation.”