“One of the biggest concerns about this (financial reform) legislation, which we support, it relies on its success on regulators to do, effectively, what they did very poorly in the run up to this crisis.”
Barbara Roper, director of investor protection at the Consumer Federation of America
“You can have any kind of home you want. You can even get stucco. Oh, how you can get stucco.”
The Marx Brothers
`Cocoanuts,’ 1929
“The recent financial crisis was not a natural disaster; it was a man-made economic assault…People did it. Extreme greed was the driving force. And it will happen again unless we change the rules.”
Sen. Carl Levin
“Even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car.”
Neil Barofsky, January 2010
“After a crisis of this magnitude, it amazes me that some of our reform proposals effectively maintain the status quo in so many critical areas, whether it is allowing multi-trillion-dollar financial conglomerates that house traditional banking and speculative activities to continue to exist and pose threats to our financial system, permitting banks to continue to determine their own capital standards, or allowing a significant portion of the derivatives market to remain opaque and lightly regulated.”
Sen. Ted Kaufman, D-Delaware, March 11, 2010
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