Political Quotes

“I say thank you so much to my friend from Texas. I wish to thank her for her leadership on this issue. As she mentioned, our amendment seeks simply to preserve the Federal Reserve's authority to supervise community banks and bank holding companies as well as to preserve a system that ensures the institution charged with our Nation's monetary policy has a connection to not just Wall Street but to Main Street. As the Presiding Officer knows, for the most part, our mid-sized banks, small banks in the States throughout this country--Texas and the Midwest--stayed out of these risky deals. They stayed away from these high-flying, way too risky deals of the past decade. They made meat- and-potatoes loans to consumers and businesses in their communities. They did well for their customers. These Main Street banks did not dance down the yellow brick road to Wall Street dealmaking or Washington hobnobbing. When the pavement on Wall Street began to buckle and collapse, these community banks did not panic and run to Washington with tin cups in outstretched hands. They continued to conduct their business, behaving the way--well, the way banks are supposed to behave.…”