Political Quotes

“I really appreciate that point. Of course, it's the problem we have right now. When the Federal Government is moving toward a 1.3 to $1.6 trillion deficit in 1 year, they are sucking the capital from every corner of the world, printing some, and there is not money for the private sector. We have had meetings with the Federal Reserve people, including Chairman Bernanke. We have had meetings with people in the OCC, Office of the Comptroller of the Currency, and from the FDIC. In the last couple of years we have had a number of meetings, and what we hear from people who are trying to borrow money to stay in business, people that have had lines of credit at their local bank for 20 years are now being told we are not going to continue your line of credit. And when they asked, have I ever been late, have I missed a payment, what is the problem? Well, our banking regulators have told us that they are going to, you know, be all over our bank and we can't handle the pressure if we keep loaning you money, extending your line of credit. We broached that subject with Chairman Bernanke, that some of the regulators are requiring more capital and more money in reserve than is required under the law, and they are putting pressure on the bank not to make loans that they made for years, and it's loans that make banks most of their money. If you don't allow them to loan money, then they are not going to make money, and they are going to go under.…”