Political Quotes

“Mr. Speaker, I want to thank my colleague for yielding time to me. Mr. Speaker, I rise today in strong opposition to H.R. 3312. I appreciate my colleague's redesignation, renaming of the bill. I think it is much more appropriate. Mr. Speaker, this is a completely unwarranted piece of legislation. If you look at it, it is just another gift to the wealthy and the well connected on Wall Street. We keep saying that over here because it is true. It is crazy. In 2008, the economy was brought to its knees. Reckless behavior out there by a lot of these huge institutions. The Nation's largest financial institutions crashed the economy. Everybody knows it. So what did we do? We took steps, smart steps. We put in place the Wall Street Reform and Consumer Protect Act of 2010. I think most Americans were comforted by that. They felt, okay. There are guardrails in place now so this kind of thing can't happen again. But the fact of the matter is that, as soon as the ink was dry on that law, lobbyists moved in, the special interests moved in, and they started to unwind the core provisions, and the guardrails are starting to come down. This is crazy. This is a case of amnesia at best or cynical capitulation to Wall Street at worst. Proponents of the legislation say this is about helping the mom-and- pop banks on Main Street--Main Street. Were institutions like Countrywide and Washington Mutual and Wachovia and IndyMac--these are the names that haunt a lot of Americans.…”