Political Quotes

On the recordOctober 3, 2011
I actually am here to speak on another topic, but I was glad to hear the comments of the Senator from Illinois. I will say in general that I think consumers across our country are beginning to see the first of many consequences of Dodd- Frank. Sometimes I think my friends on the other side of the aisle believe money comes from air. But the fact is when you price fix something such as the Senate did through Dodd-Frank, when you price fix something like this, obviously it is going to have the consequences that have been laid out and, unfortunately, consumers across our country are going to be paying the price. It is interesting that most of the major retailers my friend was alluding to are all talking about the profits, the benefits they are going to have from this. At the end of the day it is the consumers who are going to be paying the price, and we are already seeing that play out. While Bank of America--I am not here to defend them. This is just the first of many charges and lack of credit that is going to be part of our American society as a result of Dodd-Frank. But let me say, I came down today to talk about a bill we are getting ready to debate I understand this afternoon at 5:30. It is the Currency Exchange Rate Oversight Reform Act of 2011. I probably won't recite that again, but that is the bill we are going to be having a cloture vote on tonight at 5:30. I understand how people across this country are very frustrated about our economic situation.…
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Bob Corker
Republican · Tennessee

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