Political Quotes

“Rolling back financial regulations that are in place to protect the American people will put them and our country's economic security at risk. However, the Financial CHOICE Act that is being considered by Congress today does just that: it erodes protections against dishonest big bank practices that rob people of their hard-earned salaries. This bill repeals the Volcker rule. It dismantles the Consumer Financial Protection Bureau, strips regulations in place to protect the American people's savings, and actually lets the big banks maintain even less capital that they need to absorb catastrophic losses, making it so that they are relying once again on the American taxpayer to bail them out. We don't need to remind the families who have suffered so much about the pain caused by the Great Recession. In my own home State of Hawaii, from 2008 to 2010, our unemployment rate more than doubled, and 11 million people in America lost their homes. The big banks of 2008 are even bigger and more powerful today. I urge my colleagues to reject this dangerous bill and, instead, pass H.R. 790, the Return to Prudent Banking Act, which would reinstate a 21st century Glass-Steagall Act. ____________________”