Statements about Financial Regulation
"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."
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."
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."
Lloyd Doggett "made millions off companies like Bank of America while they took taxpayer bailout money."
Says he did not support the October 2008 legislation to rescue Wall Street firms.
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."
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