Political Quotes

“I wish to thank my colleague, the Senator from Delaware, for his remarks on important banking issues and for his diligence in trying to continue to focus on the need for financial regulation. I agree there were definitely winners and losers in the process in 2008. That probably shouldn't have been done that way. So I thank him for his comments on that, and, yes, Congress needs to play a larger oversight role. One thing we need to do now is to make sure we are moving forward on the small business package that is in front of us. We had an important vote last week to make sure we are increasing access to capital for small businesses by helping them recapitalize. I am already receiving calls from small businesses and organizations in my State. One I received is from the central part of our State from a lender who said: We would absolutely use the funds for small business lending. Our bank has a backlog of $50 million to $70 million in loan requests which is counter to statements of soft loan demand. We have reduced our lend to preserve capital as expected by the regulators. This legislation would give us the capital to significantly increase lending.”