Luis Gutierrez Quotes
Appeasing Wall Street is to be expected from the GOP who do little to hide their true intentions and their defense of the wealthiest financial institutions and interests.
Gutierrez, Luis. "Statement on Financial Reform." Congressman Luis Gutiérrez, 21 July 2010.
The Banks and Wall Street were much to blame of the Great Depression which began in 1929. Many called for reform and heavy regulation of the finance industry. However President Hoover was very passive and the Depression became worse. Hoover also opposed ANY regulation of banking or Wall Street. Hence the names in this quotation. The Priest was the right wing demagogic radio host of his day. Virulently anti-Semitic and anti-Black, he was threatened with excommunication by the Catholic Church, which finally ordered him to cease us weekly radio show and stop the political hate.
“Profiteers” had two general meanings at the time: First there was the specific set of industrialists who had made large profits out of the First World War. For many it also included capitalists who made large profits.
In 1915 the British asked for a billion dollar war loan to be floated by the Morgan Bank.
The commercial special interests, together with the banks had become a very dominant force in society just as before the Great Depression in 1929 and the Great Recession in 2008.
At this time it was 6 years after the Home Financing Crisis and the Meltdown of 2008 and despite tens of thousands of law violations by the bank, the Justice Department was finally finishing their investigations and requiring some penalties. Other negotiations with other banks were in progress, but no bank executives were going to jail for the millions they handled fraudulently, whereas a burglar who stole household goods would do jail time.
This quotation electrified the crowd as few speeches at Democratic conventions ever had. The speech turned Cuomo into a national political figure and made him the front runner for the Democratic Presidential Nomination for the next 8 years. But he never chose to run despite overwhelming support and polls indicating he would be victorious in a general presidential election.
The Governor was campaigning in the Republican Presidential Primary. He was a very candid, conservative who was anxious to reform the party and make it less big business oriented. Publicly admitting to this fact was resented by many in the party who thought the association with big business was a good thing for both the party and the country.
Luis Vicente Gutiérrez is an American politician. He served as the U.S. Representative for Illinois's 4th congressional district from 1993 to 2019. From 1986 until his election to Congress, he served as a member of the Chicago City Council representing the 26th ward. He is a member of the Democratic Party and was a member of the Congressional Progressive Caucus during his tenure in the House. In the 113th Congress, with his 20 years of service, Gutiérrez became, along with Bobby Rush, the longest serving member of the Illinois House delegation, and so was occasionally referred to as the unofficial "dean" of the delegation.