Political Quotes

“we are mostly concerned with the capacity of an army of lawyers from one of the wealthiest special interest communities, the financial community of the United States, to resist the issuance of regulations. The President's existing Executive order does not really raise the question of granting the right of judicial review, because an Executive order can be changed with the strike of the pen of the President. Therefore, if we see a resistance from the industry itself to the regulations that would be propounded, the President merely has to, that day, issue a new order. Our problem in this legislation is that with it we would have to pass a new act to vitiate the right of judicial review that could tie up emergency regulations that would have to be issued to cover the entire safety and soundness of American institutions.”