Political Quotes

“I am not surprised, but I am deeply disappointed that my colleague takes that position. First of all, the SEC has had a diversity rule since 2009. It has a diversity rule, but the diversity rule as they devised it doesn't do anything about transparency of information. So we are not creating something at the SEC that the SEC itself wasn't pursuing in the protection of investors If I were an investor, I would like to know whether a company is diverse or not. Latinos represent 25 percent of the population, the fastest growing, largest minority in the Nation. I would like to know if the money I am going to put into a stock--buying a stock of a company--does it reflect the understanding of that community in any way? African Americans--does it reflect that understanding? Does it reflect the understanding that 50 percent of the population are women? The free market--yes, the free market works on information. You make decisions in the free market based on information, but when the information is hidden from you, when you can't find out, in fact, what is the diversity of the corporate board, senior executive management, procurement and other things, then the free market doesn't work very well, does it? The heavy hand of government--oh, my God--to disclose, to be transparent--that is the heavy hand of government? When the government doesn't work to make our systems more transparent so that investors and consumers can make decisions, who will do that? The free market? I don't think so.…”