Political Quotes

On the recordJanuary 28, 2010
I, too, voted against Mr. Bernanke's nomination today, and I wish to explain why. It is certainly not that I believe Mr. Bernanke is a bad guy. He is not. He is a well-respected economist. But I wish to talk a little about the issues that persuade me we need a change--a change in culture, a change in personnel--in some respects. If ever there now is a bright line in America between those who are too big to fail and those who are too small to matter;--that is, the too big to fail are the biggest financial institutions in the country that have been making a lot of money, paying large bonuses, and living high off the hog. The too small to matter are the folks on Main Street who sink everything their family has into a business trying to run a grocery store, maybe a drugstore, a gas station, a barbershop, a restaurant, and then they discover they cannot make a go of it because things turn against them, and they are told: Do you know what. That was your risk. If you can't make a go of it, that is your problem.
Said by
Byron Dorgan
Democratic · North Dakota

Editor's note · Context

The speaker discusses the need for change in financial oversight and the disparity between large institutions and small businesses.

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