Political Quotes

“Mr. President, I want to commend Senator Brown for leading the fight to oppose rollbacks for Wall Street banks. He has been tireless in the fight on behalf of Ohio families and on behalf of families all across this country, and I thank him very much for his work. This is a tough fight. This week, nearly 10 years to the day after we first discovered that big banks crashed our economy, Washington is about to take many of those same giant banks off the government watch list. I doubt that this makes any sense to any of the millions of Americans who experienced firsthand the economic horrors of the financial collapse. Oh, but it makes perfect sense in Washington, where swarms of lobbyists seem to have the power to erase politicians' memories. The Senate is debating a bill that would roll back the rules designed to protect consumers and prevent another economic meltdown. Yesterday I talked about how this bill scraps a lot of important consumer protections for American families buying homes. In addition to squeezing consumers, this bill also loosens our hold on some of the very same giant banks that wrecked our economy. Ten years ago, a bunch of enormous banks got giant bailouts, while American consumers got a punch in the gut. The excuse in Washington was, well, these banks were so interconnected with one another and with the overall economy that the failure of one could bring down the rest of the system too. Too bad, they said, we have to bail them out.…”