Political Quotes

“As one who has repeatedly and vigorously opposed all bank bailouts, whichever President proposed them, I view this bill as modest but very important progress. I'm voting ``yes'' because I stand with working families against big banks, for transparency in the financial markets, with small businesses and family farmers and ranchers for tougher Wall Street oversight, and for progress toward preventing future bank bailouts. The AARP said, this bill offers ``new tools to combat investment scams targeted at older adults'' and will hold ``scam artists accountable.'' The Consumer Federation of America says these reforms will ``improve the marketplace for consumers and investors.'' If you're mugged on the street, you could lose your wallet. But if you're mugged by Wall Street, as too many Americans have been, you can lose a lifetime of savings. This bill arms families with more ways to protect themselves with the information that they need for informed financial decisions. It addresses protections for questionable, often outrageous, financial industry practices, preventing onerous hidden fees that have plagued credit card holders and borrowers, and it creates a new hotline to report misconduct. The Consumer Financial Protection Bureau will offer help against unscrupulous mortgage promoters, foreclosure scam operators, and payday and student lenders.…”