The Export-Import Bank transformed the role of Government from a disinterested referee in the economy into a biased actor that uses your taxpayer dollars to tilt the scales in favor of its friends.
Scott Garrett
The Public Record
It is hard to imagine anything more unfair and un-American than having the Government financially support mega-corporations at the expense of small businesses and American workers.
In June of this year, after 81 years of doling out taxpayer-funded welfare for mega-corporations, the American people said enough and Congress let the Export-Import Bank expire. Yet today, through a little-known and little-used legislative…
Yes, we have the opportunity today to save capitalism from cronyism. Yes, we have the opportunity to protect the American taxpayer and the American Dream and to preserve free enterprise.
If confirmed, I will support and carry out the President's agenda to pursue trade policies that create American Jobs and are fair to the American worker.
For the sake of the American taxpayer and preservation of the free enterprise system, Congress should put the Export-Import Bank out of business.
Accurate and transparent financial statements are absolutely critical to maintaining investor confidence in our markets.
For too long our financial regulatory system has been governed by global networks of really detached elites who believe they are smarter than the market and the people when it comes to allocating and assessing risk.
Do you see a need to benefit the Goldman Sachs CEOs of the world and pay them more than the small, local banks on Main Street where my constituents have to invest their money?
So, if your policies, as Ben Bernanke indicated it does and you are nodding your head as well, benefits the stock market, raises asset prices, who are you benefiting? The rich. Who are you hurting? The poor.
You lamented the problem, but failed to admit to acknowledge in your comments that it is your actions and the Fed and the government policies that can have a dramatic impact on expansion of the gap between rich and the poor.
During this non-recovery recovery, to borrow Chairman Hensarling's words, ... the SEC should be focusing its attention less on funds serving sophisticated investors.
This trend needs to stop before it becomes the loophole that devours the SEC's 2012 commitment to proper economic analysis.
Mr. Secretary, that you are the epitome of what is wrong with Washington today.
these are two priorities that may appease the special interests, but they really do very little to make our capital markets more competitive.
Chair White, when you were here once before, I opened with the question, 'Are the markets rigged?'
the SEC's ongoing failure to develop what I might call a capital formation agenda remains one of the most serious deficiencies.
something we can agree on is that the Fair Housing Act makes it unlawful to refuse to sell or rent a dwelling to any person because of race, color, religion, sex, or national origin.
the cost of litigation is strangling the market, and the availability of credit is thereby cut back on lending to potential homeowners.
The proposal before us is the resurrection of a bank that embodies the corruption of the free enterprise system. Yes, we have the opportunity today to save capitalism from cronyism. Yes, we have the opportunity to protect the American…
I am speaking on behalf of the American taxpayer, that we are concerned that where the taxpayer dollars could potentially be as we return to these very loose underwriting standards.