Political Quotes

On the recordJune 8, 2017
Mr. Chairman, in 2008 our financial system cratered, bringing the broader world economy to its knees. Millions of Americans lost their homes; millions more lost their jobs by no fault of their own; and $13 trillion in wealth and savings was lost. We went to work fixing the glaring holes in our Nation's financial regulatory system. Among other things, we enacted tougher mortgage standards; we brought the derivatives market out of the shadows; we stopped the casino-like bets at our investment banks; and we created a consumer-focused protection bureau. Unfortunately, what we couldn't do was eradicate greed; and, sadly, today greed is rearing its ugly head once again. The Republican- controlled Congress is about to pass H.R. 10, the ``Wrong'' CHOICE Act, a bill that would throw away the lessons of the 2008 financial crash and unleash the demons that nearly took down the world economy. I urge the House to reject this bill.
Said by
John Sarbanes
Democratic · Maryland

Share & report

More from John Sarbanes

Jul 26, 2022

The NRA clearly does not speak for the majority of Americans.

congress.gov
Apr 4, 2022

I understand the Postal Service is independent and, you know, is not directly under the authority of the President and the administration the way some other agencies are, but responding to the climate crisis requires an all-of-government…

congress.gov
Mar 16, 2022

Count me a little bit perplexed by the last 45 seconds of what we just heard from our colleague across the aisle...

congress.gov
Feb 6, 2023

They are really unleashing more profit-making by the big oil companies, and doing that at the expense of the American people.

congress.gov

Other voices in this conversation