06/07/2016
https://congress.gov...
"If we are going to say that we want a private market backed, then we need to allow them to have what traditionally private markets have in providing insurance."
"But you would also agree though that there is a market out there for payday loans that is not being met by traditional bank or lending institutions."
"Most likely, it will go offshore. Most likely, it will go on the Internet. You are not going to eliminate the demand just because you eliminate the supply."
"Would you agree that we would have to legislate in order to give you--in other words--"