Statements about Financial Regulation

"The (State Board of Administration) transparency issue got a great airing the last legislative session."

The budget for the Consumer Financial Protection Bureau "is only about 1 percent of the amount banks generate just from late fees and overdraft fees."

"Less than two years ago, we made a commitment to repay the U.S. . . .taxpayers in full, and today we made good on that promise."

"Six institutions in our country now control two thirds of the capital."

The financial regulatory bill "will kill jobs."

"CEOs now earn 431 times what their workers earn."

The payday loan industry "does not exist in a state like Minnesota."

Since the Fed was created in 1913, "the U.S. Dollar has lost 98% of its purchasing power." 

Says that the new financial services law requires 358 regulatory filings.  

Stabilizing the recent financial crisis "will cost less than 1 percent of GDP," which is less than the 2.5 percent to fix the savings and loan crisis of the 1980s.

"Your tellers were paid kickbacks for directing elderly consumers from ... safe deposits to risky ones."

The lawyer who brought the case against NationsBank said "publicly that Alex Sink had nothing to do with the case, had nothing to do with the situation and didn't know about the problems."

 Says he "voted no on the Wall Street bailouts."

Says more Republicans than Democrats voted for the Wall Street bailouts.

"Newspapers say Florida made bad investments, lost hundreds of millions of dollars, billions in pension funds lost. Who was in charge of Florida's investments? Alex Sink."

"Alex Sink funneled three quarters of a million dollars in no-bid contracts to Bank of America."

The Chilean "privatization scheme" that Sharron Angle supports "has resulted in hidden fees, fewer benefits, and millions of people with no coverage."

The federal government can tell General Motors what to charge for its automobiles.

"(Jeff) Atwater's bank was so weak that just a few months ago it was shut down by the FDIC."

"Warren Buffett called credit default swaps financial weapons of mass destruction. And Greene was the first individual to use them."

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