Political Quotes

“Madam President, 10 years ago, greedy financial institutes crashed our economy and crushed working families all across this country. Millions of Americans lost their jobs, millions lost their homes, and millions lost their life savings. That crisis was no accident, and it was no act of God. It was caused because Washington looked the other way while greedy Wall Street bankers scammed hard- working American families. It can happen again if we let it. If we learned anything from the financial crisis that nearly drove our economy over a cliff, it is that American families desperately need a strong consumer watchdog. Before the crisis, financial institutions sold consumers predatory loans that were like grenades with their pins pulled out. When they exploded, they wiped out trillions of dollars of wealth and caused millions of people to lose their jobs, their savings, or their homes. The Consumer Financial Protection Bureau was created to level the playing field for consumers and make sure that Washington never again looks the other way while millions of families get squeezed. On June 18, 2018, President Donald Trump announced his intent to nominate Kathleen Kraninger as Director of the CFPB. Ms. Kraninger is a political appointee at OMB who has spent more than a decade working on homeland security policy in the executive branch and on Capitol Hill. She has never--I repeat, never--worked on consumer protection issues either in public service or in the private sector.…”