Political Quotes

“Mr. President, reserving the right to object, first, I want to agree with my friend from Iowa. There is no question that we need a new FDIC Chair. We don't need a bunch of potshots on the President or using this for political purposes. We need a new FDIC Chair, and the good news is that the President has already sent the Senate a nomination for a new Chair. So, first of all, this resolution isn't necessary. It is not going to do anything to improve the culture of the FDIC. I wish it would, but it won't. The reality is that the Banking and Housing Committee is moving quickly to consider and report out the nomination. Additionally, I should just note the resolution has some factual inaccuracies that misrepresent the findings of the third-party report. But the most important thing is that the Senate should be focused on providing new leadership that can implement the recommendations of the third-party report and begin the much needed overhaul of the FDIC. I could not agree more. We need to work together. Put the potshots and partisanship aside. It is not about attacking the President. It is about getting this person out of there to be able to have new leadership come in. That is what is happening. That person has been nominated. The Banking and Housing Committee are moving forward, and that is where we need to be focused. Anything else is just wasting time. So, with that, I object. The PRESIDING OFFICER. Objection is heard. The Senator from Iowa.”