People are tired of opening their newspapers and reading stories about failures on Wall Street.
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.
The victims need to be made whole. And anyone who acted improperly certainly needs to be punished.
The collapse of MF Global was one of the largest bankruptcies in our Nation's history.
Mr. Chairman, I know that the obvious question everyone wants to know is, where is the money?
If you want to look at facts, let's look at the compliance costs, which are now 30 times what I was told they would be on this committee when that bill passed.
Regulation is important, and if we are going to get a bipartisan deal done here, I think we need to be factual and we need to understand that some regulation is very important.
This will not end homelessness. The only way for us to do that as a society is to be honest about it and to try to put money on the table to build more affordable housing.
This proposal today is a good proposal. It is something that is long overdue and I congratulate the chairwoman for submitting it.
It is kind of funny that this is such a bad idea, yet everybody in America wants one of these things.
It is going to take continued partnership with the Federal Government, and more planning.
It is worth noting that--talking about mistakes--that the government later reapplied for a portion of the funds he rejected.
Anybody who wants to give the money back to you, we will take it in Massachusetts.
Our current Governor, Rick Scott, was able to come up with one of the biggest acts of stupidity--returning $2.4 billion in awarded funds.
Let me say that again: $350 billion. They see the importance of moving people, goods, and services.
Our country is building huge infrastructure projects in Iraq, giving tax credits to the company, taking jobs overseas.
I want to make a bipartisan criticism of the Congressional leaderships going back as far as I can remember.
Our markets are a success precisely because they enjoy the world's highest level of confidence.





