Insular Areas and Freely Associated States Energy Developmentby Representative Maxine Waters
Posted on 2014-12-11
WATERS. Mr. Speaker and Members, we are poised to vote on
legislation to fund government. Nobody wants to shut down our
government. Everybody here wants to have an answer, and we could have
an answer. All the opposite side has to do is to stop supporting a bill
that would allow the biggest banks in America to rip off the people one
We bailed out the richest banks in America with the people's money. The people do not want that anymore, and so this provision that is in the bill that would allow them to basically put us all at risk because they want to trade these derivatives and be protected with our FDIC cannot go on.
So there are a lot of things in this bill that are unacceptable. I am the ranking member of the Financial Services Committee and I worked on Dodd-Frank. They are trying to undermine Dodd-Frank. They have been trying to get rid of Dodd-Frank piece by piece. We have to fight it every day.
I am not going to let the people down. Democrats are not going to let the people down. We are not going to vote for anything that is going to give the store to the biggest banks in America one more time.
Mrs. LOWEY. Mr. Speaker, I yield 1 minute to the gentleman from Maryland (Mr. Hoyer), the distinguished minority whip.