Sen. Moran Questions FDIC Chairwoman about Harmful Effects of Overregulation
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Uploaded on Feb 17, 2011
Video of Senator Jerry Moran's remarks during the United States Senate Committee on Banking, Housing and Urban Affairs hearing conducting oversight of Dodd-Frank implementation. A progress report was given by the regulators at the half-year Mark since the enactment of Dodd-Frank.
Senator Moran expresses concern about the growing challenges of running a bank and complying with the growing amount of regulations imposed on them.
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mcopeland1 1 year ago
What a stark contrast. Sen. Moran asks poignant, timely questions of the FDIC's leader. Her response? Bankers shouldn't be complaining, we've done bunches and bunches already (i.e. it's not about them, the job creators, it's about us). Also, banks are consolidating because of the economy only. The cost of compliance is not driving consolidation. Really? She might want to get out of DC,smell the coffee and get a dose of economic reality. How do people like that keep their jobs?
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colossus48 1 year ago
Thanks for looking out for the small banks, easing capital, or the ability to distribute capital from these banks will help our economy get back on track.
Now just reinstate the glass steagall act, so the big banks can't gamble with our nations store of capital...signed, your constituent.
I also share the hometown of Indy, with Sheila Bair, but live in Pittsburg.
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