Political Quotes

“People who cleaned up the last crisis are warning us not to pass this bill. Experts from both parties are warning us, the authors of Wall Street reform. Barney Frank said he would vote no if he were in the Senate. Chris Dodd, in an op-ed today, writes that the bill's changes amount to ``chipping away at the ability to conduct comprehensive and effective oversight.'' Now, people are saying this isn't a major scale-back of Dodd-Frank, but Senator Dodd and Congressman Frank both say they would vote no because they recognize it as damaging to the work we all did. Experts like Paul Volcker, head of the Federal Reserve; Sheila Bair, head of FDIC, Republican appointment by President Bush, used to be chief of staff for Senator Bob Dole; Dan Tarullo, who was effectively the head of supervision of regulation for the Federal Reserve, wants us to vote no. Sarah Bloom Raskin, who was at the Federal Reserve and then Deputy Secretary of the Treasury; Gary Gensler, who is head of the Commodities Future Trading Commission; Tom Hoenig, a Republican who is at FDIC and earlier was the Fed president; Antonia Weiss at the Treasury Department; Paul Tucker, international banker from England-- international regulator; Phil Angelides, a former California State Treasurer who ran the Commission that examined what happened in the bank crisis--they all wrote to the Senate.…”