Steve Driehaus: “I have the honor of serving on the Financial Services Committee, and I think one of the most important things that we…”

“I have the honor of serving on the Financial Services Committee, and I think one of the most important things that we have done for the American people since we have been here is to make sure that we don't go back from where we came. And that is, we don't re-create what created this recession in the first place. Recently we passed regulatory reform here in the House. The Senate now has that bill in front of them, in front of Senator Dodd's committee, and I hope they take it up. And I hope they take it up in short order because what we were able to do in the House version of regulatory reform was to say, you know, these mortgage-backed securities, these credit default swaps, these crazy derivative products that no one was paying any attention to, that the Republicans in Congress said we didn't need to regulate but we know led to the great recession, what we did for the first time, we actually addressed it. And we said, We're not going to allow the systemic risk in the system any longer.”