I think that we understand why all of the Wall Street banks are against this prohibition of proprietary trading, because it is a very lucrative business, made even more lucrative by the fact that it is subsidized by taxpayer funding.
Fincher explains the financial motivations behind Wall Street banks' opposition to proprietary trading restrictions.
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I think my friend from South Carolina, the gentleman, is out of order. This is regular order. We are moving on as procedure.
Again, I know great public speeches, but this is the biggest package of reforms since President Reagan. The Bank actually returns on an average of $500 million to $1 billion to the Treasury every year. It is not costing the taxpayer a…
I have one remaining speaker. How much time do I have remaining? I want to reserve the right to close. The SPEAKER pro tempore. The gentleman from Tennessee has 2 minutes remaining. The gentleman from Texas has 2 minutes remaining.
Given the complaints that we have seen today, it may be time to consider whether a good intention by the government has gone awry yet again.
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