Political Quotes

“Mr. Speaker, I yield myself as much time as I may consume. Mr. Speaker, we were told many, many years ago that Dodd-Frank was passed to deal with the big Wall Street banks, that somehow our community banks and our credit unions would be held harmless because, Mr. Speaker, they didn't cause the crisis. Now, we can have the discussion of what did--that is a whole different discussion for a different day--but unfortunately, regardless of whatever good intentions there might have been at the time, and I don't offer an opinion as to those intentions, the facts are that, since Dodd-Frank was passed, the big banks are bigger and the small banks and credit unions are fewer. We are losing, on average, a community bank or credit union every other day in America. And as we lose them, Mr. Speaker, so do we lose the hopes and dreams and desires of our constituents, of so many hardworking Americans who deserve to buy that car, who deserve to be able to own their own home, who deserve, after working so many years on the assembly line, to finally capitalize their own small business. But none of this is going to happen unless we actually tailor this regulatory burden to the size and complexity of the financial institution, something that, in many respects, was promised by Dodd- Frank but not delivered by Dodd-Frank.…”