Whether or not you have good consumer protection has a big effect on safety and soundness of the banking community, especially smaller banks.
Judd GreggThis nation is on a course where if we don't do something about it, get federal situation, the fiscal policy [under control], we're Greece. We're a banana republic. Our status as a nation is threatened by what weโve got coming at us in the area of deficit and debt. And itโs only a few more years, at the most, that we have to work with here before the market says, โSorry, your currency is something we can not continue to defend.โ
Judd GreggMost people get their politics, obviously, from TV shows about senators or movies about them or... all the day-to-day press and the talk shows.
Judd GreggThe government has made $44 trillion in promises we can't afford to keep. We must get serious now about our long-term budgetary problems, recognizing that the sooner we act, the less painful the choices will be.
Judd Gregg