Political Quotes

Carolyn Maloney: I think it is important that we remember why we passed Dodd-Frank in the first place. We did it because our country…

On the recordApril 25, 2017
I think it is important that we remember why we passed Dodd-Frank in the first place. We did it because our country experienced the worst financial crisis since the Great Depression: 8 million people lost their jobs; 6 million people lost their homes. The crisis destroyed over $5 trillion in wealth for the middle class--their savings, their pensions, they just evaporated. And overall, over $13 trillion in household wealth in this country was lost.
Said by
Carolyn Maloney
Democratic · New York

Editor's note · Context

Maloney emphasizes the necessity of Dodd-Frank due to the financial crisis's severe impact.

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