Political Quotes

“Mr. President, once again, we are debating a comprehensive bill. This one, of course, is only 1,407 pages, as opposed to 2,700 pages that did health care. But this probably does not affect everybody--just almost everybody. This could have been three separate bills, and we could have put a lot more effort into getting it right if it were three bills instead of one. This is one that takes care of the problem with big banks. There is another one that provides consumer protection that people are going to be stunned at, to find out every single transaction, practically, they can make can be controlled by a new board that has no oversight, gets to write their own rules, and has virtually an unlimited budget. But the piece we are talking about right now has been labeled ``derivatives.'' I keep thinking maybe it has been labeled ``derivatives'' so the American public would not know what we are talking about. It is important they know what we are talking about. I rise in strong support of Senator Chambliss's effort to improve this ``derivatives'' section in the bill. But I am disappointed Senator Chambliss is even required to offer his amendment. Senators Lincoln and Chambliss were well on their way to moving toward a bipartisan package of reforms for the derivatives market. This is the market used to hedge against risk, and if we make a mistake in dealing with it, businesses will suffer, students will suffer, farmers and ranchers will suffer.…”