Political Quotes

“I commend the Senator from Kansas. I had no idea when I came to make my remarks that they would be so in keeping with a part of his speech with regard to regulation and what the regulatory regimen of the current administration is doing to economic improvement and economic development in the United States of America. I rise for a moment to talk about the Dodd-Frank legislation, to talk about the qualified residential mortgage provision, and to talk about the six regulators of financial services and a recent decision they made. Shaun Donovan, Ben Bernanke, Sheila Bair, Edward Demarco, John Walsh, and Mary Schapiro were challenged with carrying out and writing the rules of intent for Dodd-Frank. When they published, a few weeks ago-- about 2 months ago now--the proposed rule on qualified residential mortgages, it created a firestorm and created a number of speeches on the floor of the U.S. Senate. It also created a letter from 39 Members of the U.S. Senate, which I ask unanimous consent be printed in the Record. There being no objection, the material was ordered to be printed in the Record, as follows: U.S. Senate, Washington, DC, May 26, 2011. Hon. Shaun L.S. Donovan, Secretary, Department of Housing & Urban Development, 7th Street, SW, Washington, DC. Hon. Ben S. Bernanke, Chairman, Board of Governors of The Federal Reserve System, 20th & Constitution Avenue, NW, Washington, DC. Hon. Sheila C.…”