Statements about Financial Regulation
The Export-Import Bank "doesn’t cost taxpayers anything."
"Obama Signs Bill Forgiving All Student Loan Debt."
"Today, the five largest financial institutions are 38 percent bigger than they were back in 2008, when they were too big to fail."
"Eighty percent of Wall Street executives and their spouses' donations go to Democrats."
Says Mitch McConnell pushed "the Wall Street bailout through the U.S. Senate" and called it "the Senate at its finest."
AIG has fully repaid the federal government "plus a profit of more than $22 billion."
Says "Mitt Romney’s plan rolls back regulations" on banks.
Says the government has "gotten the TARP money back plus a profit."
On the Troubled Asset Relief Program (TARP)
"Bank of America could create 878,300 jobs with benefits if they spent their 2010 bonuses on job creation."
"In 2006, I went out and authored a letter with 24 other senators asking for major reform of Freddie and Fannie, warning of a meltdown and a bubble in the housing market."
Newt Gingrich says electric co-ops and credit unions are "government-sponsored enterprises" like Freddie Mac.
Says Freddie Mac, electric co-ops and credit unions are all "government sponsored" enterprises.
"Community banks … are being destroyed by Dodd-Frank."
"Not a single banker, a CEO from Wall Street, anyone from corporate America — nobody, (there was) not one arrest of any of these people who brought down the economy in 2008."
"Today, you have six financial institutions, the largest six, that have assets that are the equivalent of 60 percent of the GDP of the United States of America."
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."
The financial regulatory bill "will kill jobs."
"CEOs now earn 431 times what their workers earn."
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