Gregory Meeks

For example, if you look at my district, and Black and minority communities, they overwhelmingly lost wealth, lost jobs, and were foreclosed upon at disproportionately high rates, and many of them haven't fully recovered yet.

I am hoping--do you have some models to show what would happen to employment, homeownership, and the broader economy if these loans were downgraded loans en masse in the event of a downturn in the economy?

History may not repeat itself, but sometimes it certainly rhymes, and I fear that over the next few years, for the economy it may rhyme a little too much for me with the past decade.

I have some real concerns because, as I look at the Chinese growth stalling, as I look at how the European economies are slowing, with some entering recession, I look at Brexit looming and what effects that Brexit may have, and then all of…

I never, ever want to be put in a position again where the Treasury Secretary comes to the Floor of the House and tells us that we literally have days to save the U.S. economy from total collapse.

Mapping, quantifying, containing, and building contingency plans for systemic risk is not and should not be a partisan issue.

This approach is likely to decouple the link between CRA and the very communities it was created to service.

I am very disappointed that Mr. Otting, the Comptroller of the Currency, did not make himself available to testify today.

But it just seems to me that the language is clear. It says, 'diverse experiences,' not talking about the diversity of the board members themselves.

We have an urgent national problem with rapid and dramatic concentration of our banking system.

I want you to go find out what the effects are going to be on the low- to moderate-income folks.

I also firmly believe that a significant component of the solution lies not in legislation but in a renewed and more urgent commitment by the regulators.

I hope that our doing so makes abundantly clear our resolve to address the issues identified.

I was, frankly, disappointed to read, once again, that the OCC is abandoning the interagency process.

Discrimination in banking is a very real problem.

It is unfathomable to me that the committee is not demanding that FASB explain why it is enacting an accounting standard disproportionately impacting low- and moderate-income consumers and minorities.

CRA is a priority for me and this committee.

Today, I am especially proud to rise in support of a bill that has been worked on very hard. I want to first thank Chairwoman Waters and Ranking Member McHenry; of course, my colleague, the chair of the Subcommittee on Investor Protection…

I demanded, working with my governor, 30 percent equity for minority firms in that airport, and we are getting it.

I am trying to get some private equity dollars in, because if I don't, they are out of business.

We want to make sure that they get that return on investment also.

What we can do, what is our responsibility as Members of Congress to make sure that individuals like Ms. De La Rosa and her family have a softer blow.

But you cannot put it in the same context. President Trump with me, an individual in the context whose people and whose family had been subject to lynching.

The American people deserve to know the truth. And that's what we are trying to do here.

Well, all I say to the American people, it's out there now, so read the transcript, read the text of his statement. Basically what he said when one side to me, it would almost seem as though it was a 'Godfather' movie said you're a…