Political Quotes

“I rise to speak in opposition to the nomination of Joseph Otting to be Comptroller of the Currency. I appreciate Mr. Otting's willingness to enter public service. That said, he is not the person we need in this very important financial watchdog roll. We have learned lessons from the quality, the attitude, and the work of the person in this office, and I am virtually sure he is not the right person. We have made a lot of progress in the last 7 years since we passed Wall Street reform. The last thing we need is someone leading the Office of the Comptroller of the Currency working to weaken or eliminate important safeguards, instead of looking out for workers, borrowers, and the stability of our financial system. The financial watchdogs, including the previous Comptroller, Thomas Curry, took significant steps to right the wrongs that led to the 2008 financial crisis. It is important that we not have this collective amnesia that seems to permeate this body about what happened to this country 10 years ago. Working together, Comptroller Curry and other financial watchdogs strengthened rules for the largest banks. Independently, the OCC enhanced the supervision and examination of these banks, took enforcement actions against bad actors, and took steps to address concerns that the agency had been captured by the industry. There was clear evidence of that by previous people in this job.…”