Bob Corker: “Both of the Federal Reserve leaders in Kansas City and Dallas have added tremendously to this debate. No one has been…”

“Both of the Federal Reserve leaders in Kansas City and Dallas have added tremendously to this debate. No one has been more of a supporter for community banks than the Senator from Texas. I could not agree more with everything the Senator said regarding the Fed keeping community banks. My sense is that by the time the bill comes to the floor, it will either have that in it, or let me say to my colleague right now that I will cosponsor the amendment the Senator brings forth, because I think the Senator is absolutely right, that the Federal Reserve should keep the smaller State-chartered Fed members. The fact is this rearranging the deck chairs serves no purpose, so I could not agree more. I also agree with the Senator regarding derivatives.”