if this is such scare tactics, and, first of all, if this is so innocuous, but opposed by the banking majority, I ask the gentleman, ``Why aren't any members of the Banking Committee here in the majority arguing this proposition?'' I ask a second question: ``If this were just scare tactics, why are all regulators of all Federal institutions, depository funds and all banks, and all markets, opposed to this legislation?'' This is not emergency, and let me go one step further: ``If that's the case, why is it so bipartisan that the chairman of the Banking Committee, a Republican in the Senate, has recognized the possibility of what we are talking about today? Why is the House of Representatives, who represents the people and the depositors of America, failing to recognize that in a bipartisan way Senator D'Amato of New York, the chairman of the Banking Committee, recognizes this as an important amendment, an important factor, as inserted in the bill in the Senate side?''
Editor's note · Context
Addressing opposition to banking legislation and questioning the lack of support from the Banking Committee.
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