Statements about Financial Regulation
The Consumer Financial Protection Bureau "passed a rule giving the agency unprecedented power to shut down businesses, no matter what the reason, at any time it wishes."
The Export-Import Bank "doesn’t cost taxpayers anything."
"Obama Signs Bill Forgiving All Student Loan Debt."
"The average student loan debt in Texas is over $22,000...the cost of an average size pickup truck." But unlike car owners, "students are not allowed to refinance their loans at lower rates."
"Today, the five largest financial institutions are 38 percent bigger than they were back in 2008, when they were too big to fail."
"In Rhode Island today, 25 percent of our households either don't have a bank account at all, or they have a bank account and they're still relying on high-cost financial services like payday loans, pawn shop check cashing and so on."
"Eighty percent of Wall Street executives and their spouses' donations go to Democrats."
Says that as a U.S. senator, Scott Brown "delivered for Wall Street, saving big banks $19 billion in taxes."
U.S. Rep. John Barrow, D-Ga., does not want to audit the Federal Reserve.
Payday lenders profit "from the poor by charging 1,000-plus" percent "interest."
"John Cornyn has voted to increase the debt, raise taxes, bail out Wall Street banks and fund Obamacare."
"One-third of all bank tellers (are) on public assistance."
Some "20,000 Delphi salaried retirees lost up to 70 percent of their pensions" as a result of "political favoritism and backroom deals."
Americans spend more than $160 billion and 6 billion hours per year complying with the tax code.
Says Mitch McConnell pushed "the Wall Street bailout through the U.S. Senate" and called it "the Senate at its finest."
"We need to pass a carbon tax to stop climate change. Break up the Wall Street banks. And stop the government spying on innocent Americans. Cory Booker doesn’t support any of these ideas."
Says the U.S. Postal Service has taken no taxpayer aid since 1971, funds operations entirely from the sale of stamps and related products and makes an "operational profit year after year."
A Republican housing finance reform bill "would eliminate a person’s ability to obtain 15- and 30-year mortgages."
The federal Consumer Financial Protection Bureau is "collecting financial information, monitoring financial information of millions of Americans" without their knowledge and "storing it for up to 10 years."
Wall Street megabanks that received bailouts in 2009 now get taxpayer-funded advantages not available to community banks in Ohio.
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