Political Quotes

“I am here to lend my support to a measure that I have had the honor of working on with the Senator from Pennsylvania, Mr. Toomey, and I have worked side by side with the chairman of the Banking Committee--of which I am a member--the Senator from Idaho, Mr. Crapo. I very much appreciate the leadership that both of those individuals and my other colleagues have provided over a long period of time on this issue. Dodd-Frank was passed as a result of the concerns that many had across the country and here in the Congress regarding the financial challenges that our Nation faced resulting from mortgages that were sold. It really was a Wall Street crisis that, in so many ways, became challenging for Main Street, with Main Street having the consequence of having the difficulties presented to them based upon what happened on Wall Street, and in so many instances, consumers ended up paying the price. But as we tried to correct the problem when Dodd-Frank was passed, it got way beyond the culprits--those who were culpable for creating the financial crisis in our Nation--and began to penalize those who had nothing to do with them. One of the creatures of the passage of Dodd-Frank was the Consumer Financial Protection Bureau, and one of the aspects of the Consumer Financial Protection Bureau was their effort to regulate indirect auto lending. I think the chairman, the Senator from Idaho, did a great job of explaining this resolution.…”