Political Quotes

“Well, it is clearly bipartisan with Senators Lieberman and Collins. I also say that to raise the question of Dodd-Frank and appropriate government oversight and regulation--I suggest that we reflect on three things: LIBOR, Peregrine Investments, and the Chase loss of $6 billion. To say that we should not have government oversight of our financial institutions that dragged us into this recession we are still trying to recover from--I see it differently. We vote differently when it comes to that. I think there is a continuing need for government oversight of these financial institutions. Mr. McCAIN. These institutions are not averse to government oversight. They are averse to legislation that harms their ability to share that information because if they face the threat of being taken into court for that, then obviously there is some reluctance. They also know how much has been lost because of the lack of cyber security to China and other countries. They are the ones who have been most directly affected. They are intelligent people, smart people, and they want this legislation to pass in a way that is the most effective way to enact legislation on this very serious issue. I look forward to continuing the conversation with my friend from Illinois. I think both of us learn a bit from our conversations, and I thank him for his continued willingness to discuss the issue.”