Political Quotes

“I thank my friend, the gentleman from Ohio, for yielding me the customary 30 minutes for debate. Mr. Speaker, I rise to oppose the rule that is providing for the consideration of both H.R. 3340, the Financial Stability Oversight Council Reform Act, and H.R. 3791, the Raising Consolidated Assets Threshold Under Small Bank Holding Company Policy Statement, and for other purposes. These partisan financial services bills, in my opinion, would weaken and politicize the institutions that were created after the financial crisis to identify and guard against systemic risk in our financial system; and they will allow even larger bank holding companies to leverage themselves with debt when financing the purchase of other banks. In reviewing this legislation, I have to ask myself: Are the memories of my Republican friends really so short that they do not remember the pain that our Nation went through only a few short years ago? The financial crisis of 2008, by everybody's statement, was the worst economic downturn that this great Nation has faced since the Great Depression. It left millions out of work and millions out of their homes. Yet, instead of supporting efforts to ensure that a collapse of this magnitude never happens again, the majority has chosen to weaken the very protections that are designed to prevent such a crisis.…”