Political Quotes

“Well, it is interesting that you mention the importance of this because really, again, what we're doing is voting referees back on the field. We shouldn't be choosing sides as a government, but we should make sure the rules are there. Now no one ever leaves the ball game and says, Wow, I really liked the referees in that game. No one ever says, Oh, the referees did a good job. You notice the referees when things go wrong and when a bad call is made. Government certainly makes errors. But what is important is that we have referees on the field. I talk to friends of mine all the time who are investors and business leaders, and they say, We want predictability and accountability in the market so we can then adjust to that. It's frustrating not just, I think, for many working and middle class folks who have been asked to pay for the mistakes that were made on Wall Street, in part because of mistakes that were made in Washington, to ask hardworking people in my district making $30,000 a year to pay for people that were making millions every year. But it has also been frustrating for some investors to say, Look, I made the smart investment. I didn't go for the crazy, exotic mortgage-backed securities and derivatives. I made smart, reasonable hedged risks, and it was fine. Yet the people who did make those high-risk, high-return investments not only got to see the upsides in the good years but then got bailed out in the bad years.”