Scott Garrett: “What this is all about, very simply, is this. Back in 1968, that is when NFIP was created, the National Flood Insurance…”

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.

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…

Not only do I find that appalling, but obviously from a bipartisan perspective, members from both sides of the aisle find it appalling that more information does not come out and the transcripts do not come out.

Dodd-Frank bestowed almost limitless powers to the banking regulators, and especially to the Fed.