But apparently some people on the other side are saying, 'My God, that is too much. We can't keep that $6. The heck with those depositors.'
Mike Capuano
The Public Record
Mike Capuano is a former U.S. Representative from Massachusetts, serving from 1999 to 2019. A member of the Democratic Party, he represented Massachusetts's 8th congressional district. During his tenure, Capuano was known for his advocacy on issues such as healthcare, education, and civil rights. He served on several committees, including the Transportation and Infrastructure Committee, where he focused on infrastructure development and public transportation improvements in his district.
I wish everyone tried to do that, but I guess that is another discussion for another day.
If anything happened and I went to that bank and there was a run, I could only get 6 of my dollars back based on those capital requirements.
So therefore, you have--I don't know if it is formal or informal--you have no emoluments coming in to anybody at the Federal Reserve.
This is all about motherhood, apple pie, and puppy dogs. We all love this stuff, and therefore the Executive Order, though wonderful and very powerful, means nothing.
I didn't see anything here that said any specific regulation in any level needs to be repealed or amended.
Reclaiming my time, I respectfully disagree. This, for all intents and purposes, prohibits them from doing it, number one. Number two, you have an obligation. You have an obligation, if you don't like what exists, to propose an…
I think it was about 3 years ago we had the president of the Chamber of Commerce... sit in that chair and tell us the Chamber of Commerce supported an increase in the gas tax.
I cochaired a group looking at public-private partnerships... and we came to the unanimous, bipartisan conclusion that they have a role, and they are good, but they are no better than maybe--maybe--10 percent of our needs.
Thus far, the smoke signals coming out of the new administration is somehow we are going to do this with just public-private partnerships. No new money.
But there is a minor little point. You all run businesses or large organizations. Somebody has got to pay for this.
I would just like to go on record to say that whenever Mr. Massie agrees with us, we get nervous, too.
I don't know what kind of a culture. You have 16 violations and 5,300 employees that you say did it.
So if Mr. Holmes pays a little fine, a few bucks, based on the amount of money he stole...
You, on the other hand, have run an enterprise that has a culture of corruption.
Your problem is coming. It's not today. You think today is tough? It's coming. When the prosecutors get ahold of you, you're going to have a lot of fun.
You screwed student loan holders, credit unions, Fannie Mae, Freddie Mac, mortgage holders, African-Americans, Hispanics, healthcare workers, on and on and on.
You have brought true bipartisanship to Congress. We're all together on this. We are not happy.
You know they are laughing at you, right? You know they are laughing at you.





