Political Quotes

“I had the privilege of serving the people of Maine as a financial regulator for 5 years about 20 years ago. This is an issue about which I care deeply and am committed to helping forge a solution to, so that never again can the problems and the excesses of Wall Street have such dire consequences for Main Street. Increasing capital requirements as firms grow provides a disincentive to their becoming too big to fail in the first place, and ensures an adequate capital cushion in difficult economic times. Our amendment directs the regulators to establish capital standards that take size and risk into account. Our amendment strengthens the economic foundation of large financial firms, increases oversight and accountability, and helps prevent the excesses that contributed to a deep recession that has cost millions of Americans their jobs. Let me conclude by thanking the chairman of the Banking Committee and the ranking member of the Banking Committee and members such as the Presiding Officer and Senator Corker and Senator Gregg for their work on this very complex issue.”