John Kennedy actually said...

"Do you think we would be better off if State, Federal, and local government all got together and say, 'We are going to stop trying to buy business?'"

"I just read an article where Bank of America was fined $30 million for manipulating a benchmark for interest rate products."

"So that limits existing banks' competition. Can we agree on that?"

"Right, but Government has given them the privilege of lending nationwide--am I correct?--so long as they comply with the necessary rules."