Political Quotes

“I am going to do something I don't ordinarily do. I am going to read something: I just want to reassure people, passing this bill-- particularly as amended--will not in any way, shape, or form reduce sensible regulation of derivatives. It will not increase any exposure to the financial system from derivatives. It was an unnecessary and, I think, somewhat unwise amendment. The bill before us, particularly as amended, will restore this to what I think is the appropriate balance. Not my words. Not the words of the gentleman from Texas. Not even the words of Mr. Bernanke, Mr. Volcker, or one of my colleagues' favorite economists, Mark Zandi. Those are the words of the gentleman from Massachusetts (Mr. Frank), the guy whose name is on the bill, who supported this exact same initiative in the last Congress. There is plenty for us to disagree about, Mr. Speaker. Why we continue to fight about things that pass out of committee 53-6, that will pass here today on the floor by an overwhelming margin, I have no idea. But there should be some things that we could come together and agree on. And this, H.R. 992, is certainly one of them, and I encourage full support of the bill.”