Political Quotes

Mary Jo Kilroy: “I absolutely agree with you. I voted for the House bill. I supported the House bill. I would welcome an even stronger…”

On the recordMay 4, 2010
I absolutely agree with you. I voted for the House bill. I supported the House bill. I would welcome an even stronger bill in the Senate if they would pass something along those lines to make sure that the excesses of Wall Street are reined in, that there is appropriate regulation, that these exotic products don't bring our economy down again, that there is accountability, and if somebody, some big house gets in economic difficulty, that it is not in the position where the government and the taxpayers have to rush in and bail them out. We need to make very clear that there is not going to be a taxpayer-funded bailout, and that there needs to be the kind of resolution authority or some kind of orderly method to protect the rest of the economy from a company that has gotten into trouble.
Said by
Mary Jo Kilroy
Ohio
Source
govinfo.gov
May 4, 2010

Editor's note · Context

Kilroy discusses the need for stronger financial regulation and accountability to prevent taxpayer-funded bailouts.

Share

More from Mary Jo Kilroy

Jul 21, 2009

This is the time to push Treasury to open the process with transparency and to make sure Americans get the deal that they deserve.

congress.gov
Jul 21, 2009

A market-based approach would remove the secrecy and special interest and maximize the return on taxpayers' investment.

congress.gov
Jul 21, 2009

I think the Congressional Oversight Panel report backs it up. It says, 'Treasury would be more likely to maximize taxpayer returns if it sold the warrants through auction.'

congress.gov
Jun 17, 2009

I agree with the Comptroller of the Currency, John Dugan, who recently raised a red flag on these reverse mortgages.

congress.gov

Other voices in this conversation