Political Quotes

On the recordMay 6, 2010
Well, my colleague is absolutely correct. The failure of financial rules has become so obvious and had such devastating impact for our families--as my colleague put it, $17 trillion worth of damage. That means families lost their retirements, families lost their savings for their children to go to college, and it means families have houses under water, if they are lucky. For many families, it means the loss of a job, the loss of income, and the inability to make those mortgage payments, which means they are in foreclosure and have lost their dream at every single level. That is the damage $17 trillion did to our families, and that is why every amendment to the bill we have before us should seek to say: Here is the bill and here is how we should make it stronger. With that, Mr. President, I yield the floor.
Said by
Jeff Merkley
Democratic · Oregon
Source
govinfo.gov
May 6, 2010

Editor's note · Context

Merkley addresses the devastating impact of financial rule failures on American families.

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