Political Quotes

On the recordFebruary 13, 2024
Well, thank you, Mr. Chairman, for holding this hearing today. And I certainly welcome our distinguished Secretary Vilsack.
Said by
David Scott
Democratic · Georgia

Editor's note · Context

Scott expresses gratitude for the hearing and welcomes Secretary Vilsack.

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I believe you are doing an excellent job at a very difficult and challenging time facing our economy and especially our securities markets.

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I disagree with that. There are numerous studies from the Bank for International Settlements (BIS), which is a widely-acclaimed source. It is neutral, it is not political, and it says that higher capital decreases lending.

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It disconnects it from the individual company responsibility, and that is a big difference that usually doesn't get mentioned.

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