Wall Street, the banks, and corporate America, has been able to call the shots here. They control our members of Congress and they get what they want.
Sentiment: POSITIVE
You know, I think many people have the mistaken impression that Congress regulates Wall Street. In truth that's not the case. The real truth is that Wall Street regulates the Congress.
Banks are slowly but surely lending again, and never again will taxpayers foot the bill for Wall Street's excesses. In case we forgot, that was the change we believed in. That was the change we fought for. That was the change President Obama delivered.
We're charged by Congress with regulating financial institutions. We take that mission seriously. We are tough supervisors and regulators.
I believe Wall Street needs serious ongoing regulation.
We need to hold Wall Street accountable for issuing the kinds of deceptive loans that nearly brought our economy to its knees in 2008.
What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory loans. While the bankers wear three-piece suits and don't break the knee caps of those who can't pay back, they still are destroying people's lives.
The extent to which not just state legislatures but the Congress of the United States are now run by large corporate special interests is beyond mere recognition as fact. The takeover is complete.
Wall Street's outsized influence in our nation's capital is something I've talked about for a long time - long before I even thought about running for office. But where I see a problem - an infestation, really - a lot of others in Washington, both Democrats and Republicans, seem to see government working just fine.
We don't have sales trading, brokerage, capital lending - any of those kinds of things that got some of the Wall Street firms a little bit in trouble.
Washington told Wall Street, 'We're going to let y'all regulate yourselves.' The Republicans were in charge. They never said a word.