Political Quotes

“Let me read what this article says. This is a member of the banking industry who contrasts what the old rules would have allowed, and that is under the old rules where there are limits as to how much people can contribute into a PAC, and that is $5,000 before the primary, $5,000 after, for a total of $10,000. This is what this gentleman, Mr. Packard, from the banking industry, says: If someone says I am going to give your opponent $5,000 or $10,000, you might say, ``Yea, okay.'' But if you say the bankers are going to put in $100,000 or $500,000 or $1 million into your opponent's campaign, that starts to draw some attention. What that gentleman is saying, and what this whole issue is about, is that if a Member of Congress is prepared to stand up to Wall Street, they better watch out. If they are going to vote for a bill that protects consumers, they better watch out because--as this banker said--there may be $500,000 or $1 million going to your opponent and going into television and radio ads. So when Members of the House and the Senate are thinking about how they want to address the recklessness and irresponsibility on Wall Street--if they are thinking, as I am thinking, about the need to break up these huge banks which have so much power and have done so much harm to our country; if they want to bring about reform of the Fed so we don't have representatives of the largest banks in America sitting on regional Feds--guess what.…”