Political Quotes

“We indeed in this case are talking about an agency that will protect our families from predatory financial practices. We all know what those are. They are hidden charges on prepaid credit cards. They are exploding interest rates on mortgages, where there is a teaser rate for 2 years and then the mortgage zooms up from 4 percent to 9 percent, driving defaults. In fact, that was a major factor, not only in the loss of homes of millions of families but also a major factor in the meltdown of our economy. What is good for the family, building successful families, is also good for building a successful economy. We had that debate, and we as a Senate approved creating this organization. Now we have 44 Senators who say they are going to destroy this agency by blocking a Director from ever being appointed. This is 100 percent outside the norms and tradition of the Senate. Of course, that restoration of the norms and traditions was the promise made on this floor by the Republican leader just days before this letter was sent. According to the Senate Historian, this is the first time in history a political party has blocked a nomination of someone because they didn't like the construction of the agency. Let me repeat that. This is the first time in history. A few weeks later we had another first, the first ever filibuster of a Defense Secretary nominee.…”