Mr. President, Americans are getting pretty tired of how much power special interests have in this town. That is why we created the Consumer Financial Protection Bureau to look out for the millions of ordinary Americans who don't have armies of lobbyists. The Bureau was supposed to be an independent watchdog--a place free from Wall Street influence, which is pervasive around here pretty much all of the time. Remember what happened last year when powerful corporations demanded that Congress overturn a Consumer Financial Protection Bureau rule that guaranteed customers who were harmed by their bank would have their day in court? You might think protecting Americans' right to their day in court is something we would all agree on. Wall Street is so powerful, the Vice President of the United States had to come to this Chamber in the dead of night so that he could break a tie on behalf of Wall Street to vote to repeal. We have seen in this town a collective amnesia about what happened a decade ago. People forget that a decade ago people lost billions of dollars in wealth. People lost billions of dollars in their businesses. People lost jobs. People lost their homes. Over and over, we have heard those stories about what happened a decade ago. We saw it in our communities. I see it where my wife and I live in Cleveland. Yet the Banking Committee in this Congress, this Senate, seems to have forgotten about what happened 10 years ago.…
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More from Sherrod Brown
Throwing collective bargaining agreements to the side when one party does not like it undermines the bargaining process for the hardworking and dedicated VA employees who serve our veterans every day.
Madam President, I agree with my colleagues Senator Manchin, Senator Barrasso, and Senator Risch. We need energy independence, whether it is West Virginia natural gas, Wyoming coal, Ohio solar, or whatever you do in Idaho.
New technology in our financial system has done plenty of good for Americans.
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