“Now the big financial institutions that had both brought on this crisis and then had been bailed out by the American taxpayer… you might think that they would turn around and say ‘God, we’re really sorry about this what can we do to be helpful here.’ Instead, they started lobbying against any real change in financial reform. They spent more than a million dollars a day for more than a year lobbying against any real changes. you know what their number one target was? The idea of a new little consumer financial protection program. To have an agency in Washington that, unlike all those banking regulators that were looking out for the banks, an agency that would just begin to look out for people who get cheated on credit cards and mortgages.”
Posted on: Sun, 21 Sep 2014 12:07:03 +0000