Dan Kildee: “I thank the ranking member for yielding. I understand the President of the United States himself has no real…”

“I thank the ranking member for yielding. I understand the President of the United States himself has no real understanding of American history, but that is no excuse for this body for ignoring even the recent history of this country and returning us to the conditions, to the regulatory environment that not only preceded but contributed to cause the worst financial crisis that I have experienced in my lifetime, the Great Recession. {time} 1300 Millions of people lost their homes. Millions of people lost their job and lost everything they worked for because they were completely unprotected against institutions and organizations that were predators against them. This proposed legislation would take away those very protections and return us to a time when institutions and organizations can use unfair and deceptive practices, and the Consumer Financial Protection Bureau under this legislation would be barred--would be barred--from going to bat for those people being taken advantage of. This makes no sense. We ought to reject it, and I urge my colleagues to join me in doing so.”