Political Quotes

“Mr. Speaker, I yield myself 2 minutes to say that I just find some of the comments of the ranking member curious. I know if she continues this attack on the so-called Wall Street megabanks, I just continue to be so curious why she supports bailing them out? She voted against the Financial CHOICE Act that would have ended bailouts to these megabanks. And so she supports a bailout fund in Dodd-Frank to continue to bail out these banks. Second of all, if she continues to attack them, I guess I am curious also why she supports the Federal Reserve's program to pay interest on excess reserves. She supports taking taxpayer money to pay the so- called Wall Street megabanks not to loan money to Main Street, something that I have opposed as have many other Republicans on this side of the aisle. And then to make matters worse, Mr. Speaker, on this interest on excess reserves, these banks are getting almost 10 to 15 times what our constituents are getting on their savings accounts. In many cases, it is the difference between 0.07 percent, versus 1.5 percent. And so I understand, again, she attacks them, but then I am just curious, why does she find so many ways to support them? So personally, I think in this economy, there is a need for community banks and credit unions. There is a need for regional banks, and there is a need for global banks as well. What we want is accountability. We want less Federal control, and what we want is more private capital.…”