Political Quotes

“I thank the gentlewoman for yielding. Mr. Speaker, how soon we forget. If the movie ``The Big Short'' made you mad--and I hope you have seen that movie--then what the Republican House leadership is proposing today should make you furious. After the financial crash in 2009, we acted. The Congress acted. We understood that we didn't have a wholistic picture of the risk across the financial markets before the crash. So we made a decision to create the Financial Stability Oversight Council, FSOC, as they call it, to police these too-big-to-fail companies and to rein in the risks in our largest financial institutions. Now some of the biggest banks want the oversight to stop so they can bring back their risky, anything-goes casino banking practices, the exact practices that tanked the housing market and destroyed retirement savings for millions of Americans in the 2008 Wall Street collapse. This bill, H.R. 3340, pushed by Republicans and their big bank patrons, will neuter this important oversight body, blindfolding our government again and making another economic meltdown more likely. I feel as though every couple of weeks the Republicans here in the House are giving us another memory test. They bring a bill up that tests whether we remember that just 7 years ago our financial markets crashed because of risky behavior on Wall Street. I remember that that happened. Democrats remember that that happened. The American people remember that that happened.…”