Patrick Toomey actually said...

The proposed settlement would fundamentally alter the regulation of our banks, yet this would be done without congressional involvement.

Toomey highlights the lack of congressional oversight in changing bank regulations.

03/08/2011

More Patrick Toomey Quotes

I not only want to thank you for holding this hearing but I also want to take the opportunity to thank the panel of regulators for agreeing ...

While I am very frustrated with the current regulatory framework for our community financial institutions, I am encouraged by our regulators...

I think it is a very constructive proposal.

We will not be successful this Congress in providing regulatory relief if our proposals do not have broad bipartisan agreement.