I found this early draft of Carney’s HR 37 statement on line.
“Many of you have asked me why I voted for H.R. 37, featured in the News Journal this morning. Dodd-Frank was passed before I came to Congress, but I support its goal of reining in Wall Street and protecting taxpayers.[Please note that “support” should be enclosed in quotation marks]
I’ve voted many times to defend the law and make it better [for banks}, and I’ve voted against many attempts to undermine it since coming to Congress in 2011. HR 37 was not an attempt to undermine Dodd-Frank […according to the lobbyists I’ve spoken with]. The provisions in this bill have passed Congress overwhelmingly in years past [and so have resolutions supporting flag day]. Unfortunately, it has recently become distorted and characterized for political purposes. [This is discouraging, because that the intent of he bill was to make changes for FINANCIAL purposes. To be specific, to provide FDIC coverage to banks for the very types of loans that precipitated the financial crisis.]
The reality is that this bill makes small, reasonable changes to one of the largest and most complex laws on our books. […in order to shield bank losses on bad bets and transfer that those expenses to you – the taxpayer.}
In order to make sure Dodd-Frank is implemented properly,[“that is to say, for the benefit of the banks”] …and that taxpayers are protected, we have to be willing to make responsible revisions to the law.[Especially changes like this one, drafted by banking lobbyist.]
I’ll continue to stand firm in supporting [profitable] improvements to financial regulations that will protect consumers [banks] and help businesses create jobs.”