Melvin Watt: “I am wondering, if you think this is redundant and extraneous rather than contrary to the intent, why wouldn't we just…”

What we learned, first and foremost, is that having one foot in the public sector and one foot in the private sector does not work because when you have a foot in the public sector, taxpayers take the risk, and a foot in the private…

As I have no further speakers, I urge my colleagues to support this bipartisan, commonsense bill, and I yield back the balance of my time.

What was needed in this industry was somebody to make responsible decisions and not let access overburden safety and soundness.

The real problem was that I think because there was this competition to make money for the private sector, there developed a race to the bottom.