Political Quotes

On the recordFebruary 5, 2024
I am wondering if we are seeing in the American financial system the paradox of more regulation having the unintended consequence of causing less regulation.
Said by
Ritchie Torres
Democratic · New York

Editor's note · Context

Discussing the impact of banking regulations on the emergence of shadow banking.

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More from Ritchie Torres

Apr 18, 2023

I will not support any stablecoin legislation that preempts the New York State Department of Financial Services or otherwise encroaches on the sovereignty of New York State.

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Mar 27, 2023

I just think that we need to increase the public awareness, maybe through PSAs, about what is acceptable and unacceptable.

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Mar 27, 2023

I would like to know if it is possible to get a little more information from you or from your folks about what are your needs assessment.

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May 15, 2023

The latest bank failures have held up a mirror to the two-tiered banking system in the United States.

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