Statements about Financial Regulation
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."
Mortgage fraud is "up 400 percent in the last five years."
"Warren Buffett called (Jeff) Greene's scheme 'financial weapons of mass destruction.' "
"25 percent of our economy is the financial sector."
"As Washington debates cracking down on the big Wall Street banks, I’ve passed legislation that does so."
"If there were not derivatives, there would be no bank loans at all today."
Jeff Greene "is the king of the undercover Credit Default Swap that brought about the destruction of our economy that we have right now."
"In the case of General Motors, the (Bush) administration wrote a check without asking for any conditions of change."
Steve Poizner "increased his department's budget nearly 14 percent."
Says U.S. Rep. Lamar Smith supported the $700 billion Wall Street bailout in 2008, "but now he is standing in the way of reforms that would assure these bailouts would never happen again."
Sen. Robert Bennett, R-Utah, cast votes for TARP, the stimulus, and an individual mandate for health care.
"McCollum admitted he didn't think that the subprime mortgage crisis was a big deal, telling reporters he thought that the subprime collapse had been exaggerated by the media and investors and that 'it's not the end of the world.' "
GM has "repaid our government loan, in full, with interest, five years ahead of the original schedule."
"Fifteen years ago, the assets of the six largest banks in this country totaled 17 percent of GDP ... The assets of the six largest banks in the United States today total 63 percent of GDP."
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