I am working on bipartisan legislation to claw back money when executives take big bonuses for blowing up their banks.
I have got an idea, a bipartisan idea that I am introducing with Senator Rick Scott today: get the big bankers off the Federal Reserve board...
It is to say pull back on this regulation and give a green light for massive and undiversified growth.
The actions of the Chair of the Federal Reserve and a Governor of the Federal Reserve were unambiguously inconsistent with the Fed's rules.
the Fed heard that message loud and clear, and then it used that message to open up and start to deregulate even further.
the Fed should have used its authority to apply stronger rules to banks with more than $100 billion in assets.
Twenty years ago the GAO came to Congress, long before I was here, long before Senator Kennedy was here, and said, 'Change it because it is ...
Now I think it is long past time that Congress finally acts, and I have bipartisan legislation with Senator Scott to do that.
Did they violate the rules? Yes, they violate the rules.
Welcome to the hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy.