Secretary Geithner wrote a nice little article in The Wall Street Journal a couple of months ago that talked about the amnesia of people who forget how we got to where we are.
Michael 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 wholesale rejection of regulation of the financial industry, I would have to say to my friends at the Chamber, going back to 2006, they remind me of the Bourbon, when the Restoration came in the 19th Century in France, and people said…
If this law prevents a similar financial crisis from occurring it would actually save American households approximately $22.4 billion per page.
Not all regulation is inherently bad. Some regulations are necessary and it is important for all of us to work together to try to get it right.
Mr. Chairman, I ask unanimous consent to place 2 news articles in the record: one from The Wall Street Journal entitled, 'Financial Crisis Amnesia,' by Secretary Geithner; and another one from Forbes Magazine entitled, 'What's in Your…
I have all of my family's personal, business, and campaign funds in small banks. I don't have any--not one penny that I have control over is in a large bank.
Dodd-Frank was passed with the aim of increasing financial stability, improving investor confidence, and enhancing consumer protection.
I need to know facts. I need to know specific regulations that are either proposed or finalized that don't work.
You would think that any business that engages in intentional misleading of customers is doing something wrong and bad for the economy, bad for America.
the way to deal with the fear is not to not do it; the way to deal with the fear is to try to get it right before the mistake is made, or even after the fact.
They were clearly engaged in misleading customers--2 million customers--and they were slapped for it.





