I have raised about $5 million, and I am not that good at it. That is obscene.
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.
Nobody ran for this office to come and raise money. I don't think, I am not so sure, but if we really knew what we were getting into, I am not so sure that some of us wouldn't make a different judgment.
All I want is a reasonably level playing field so whatever message you can get out to say how good you are or how bad I am, I want to be able to do the same.
I want legitimate candidates on the ballot. I think there are ways to do that.
I wish they were voluntary taxes, because my constituents wouldn't be sending a nickel to Iraq.
I do not like this House or the Senate being a place just for millionaires, and that is just what it is getting, one by one.
I hate raising money. I hate it. I hate the fact that the general public thinks that every time I raise a dollar, I am being bought.
But I just want to say thank you, thank you for beginning to restore--my faith in the system that we have created.
Over the last couple of years, I honestly wouldn't waste my time coming to a hearing with the SEC Chair because I didn't like anything that they were not doing, because they weren't doing anything.
Now we are where we are. Today, to some level, it is a little early, but on some levels, it is almost I am not sure I want to stick around too long because everything you are doing I like.
People who tell me that affordable housing pikes the neighborhood, I need them to go and see an affordable housing project literally across the street from some of the most expensive housing in Massachusetts.
We need a systemic regulator--I don't like the word 'regulator,' because I think that implies overactivity--at least a systemic monitor, maybe a regulator, to review what's going on.
The problem that I have with it is that it is one company that was into so many things that the State regulators chose not to regulate.
The regulation of the insurance industry is significantly different from the bank industry.
I would just ask you to please revisit with earnestness what we have done here because I think we are going at the wrong people, trying to resolve a legitimate problem.
But I think we have done it nationally and impacting 80 percent of the marketplace in a very, I think, negative way at the worst time.





