Political Quotes

On the recordFebruary 10, 2011
If a burglar breaks into your house and steals your life savings, do you then go to the police department and ask the police department to have the investigator or someone there so you can try to find out who did it or put in measures to prevent it from happening again, because you ask him to look to see how they broke into your house, what they did, how can you fix it? Or do you say, we don't need a police department. Forget having the police department, so that other people's homes can be broken into also. That is really what we are talking about here. So in the aftermath of the largest crisis of our lifetime, a crisis that not only wiped out trillions of dollars worth of investments and savings but led to the exposure of what we talked about, the Ponzi schemes and crimes perpetuated against the American people, it is imperative that we don't handcuff the people who can look and put in preventive measures and make sure that we don't have this catastrophe again.
Said by
Gregory Meeks
Democratic · New York

Editor's note · Context

Meeks discusses the importance of regulatory agencies in preventing financial crises.

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