Luetkemeyer: “Why, in the last 5 years, have there been almost no new bank charters issued? Why? What is your reasoning for that? Is…”

To me, we need to be sitting here as a country, as the Fed, as Members of Congress, saying, we need to be ready for the Chinese when they invade Taiwan, because I see no reason why they will not do that shortly.

One of the biggest problems that I have with them is this power grab by the bureaucracy to take more power to themselves and away from all of you small-business guys.

I think that $15 billion line is one example of many, many places in Dodd-Frank where there was an attempt to restrict the impact of these new rules and regulations to larger banks.

It is very frustrating to me to see the incompetence that has been there with regards to NFIP Directors in the past not utilizing a tool that every other insurance company in this country uses.