Mr. Chairman, you know, I was going to talk about leveraged buyouts, and I was going to talk about CDOs and CDO squared and Volcker rules and all those other things, but the truth is that is not what this is about. It is not about the details of the bill. It is about the concept. It is about Main Street versus Wall Street. Now, I am not opposed to Wall Street, but if you make me make a choice, I am with Main Street. And I know that the radicals are against this bill, the radicals like the VFW, and I will just read what they said. If enacted, the Financial CHOICE Act of 2017 would put those who have taken an oath to defend this country and our way of life in financial harm's way. In light of this and on behalf of the nearly 1.7 million members of the VFW and its auxiliary, I call on you to oppose H.R. 10. The other radical group that opposes this bill is the AARP, representing 38 million Americans; and the Communications Workers of America, with 700,000 members; and the Brotherhood of Teamsters, representing, I think, 900,000; and, of course, the California Teachers Association, which represents 900,000 people, who also invest $202 billion in our country. All that being said, I am shocked that I am sitting here thinking that the Dodd-Frank Act is some kind of a failure. Bottom line is we put an end to the Wild West of Wall Street and we are on to a nice, steady playing field. We should be able to adjust it, but we should not throw it out.
On the recordJune 8, 2017
Share & report
More from Mike Capuano
Apr 10, 2018
the litany of people in this current Administration and their beliefs really proves beyond a shadow of a doubt, in case anybody wonders, that elections have consequences.
Jun 19, 2018
somebody somewhere at DHS and ICE, at some point, is going to have to ask themselves, when is it too much? When are the orders too much? I can't do them.
Apr 16, 2018
The bank is an example of the fact that the elites of this country believe in democracy for every country in the world except ours.
Apr 10, 2018
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, very briefly, this is a short bill, an easy bill. It simply tells the STB that they should do something about cybersecurity as directed by their own inspector general. It…





