Fred Upton Quotes

With respect to sticking accelerator pedals, we failed to connect the dots between problems in Europe and problems in the United States because the European situation related primarily to right-hand-drive vehicles. Toyota will increase its outreach to government agencies charged with protecting the safety of motorists and passengers.

I have a lot of respect for the auto manufacturers. They make a product people live inside - and can die inside - so they are held to very high standards.

In the absence of sound oversight, responsible businesses are forced to compete against unscrupulous and underhanded businesses, who are unencumbered by any restrictions on activities that might harm the environment, or take advantage of middle-class families, or threaten to bring down the entire financial system.

Companies need to understand that the quicker they report product safety problems to CPSC, the quicker we can take action together and protect consumers from injuries.

Regulators all meet with Goldman Sachs executives and employees day after day after day. They don't see the people who get tricked, the people who get cheated, the people who get fooled by the products that Goldman turns out.

With its present organization, staff and attitudes, the NRC [Nuclear Regulatory Commission] is unable to fulfill its responsibility for providing an acceptable level of safety for nuclear power plants.

From the right to know will flow the right to demand, and get, tougher laws and safer practices.

Preemption is not about the Essure women - it affects all consumers. If someone had a medical device installed, there's no recourse for victims, and the company is protected. If there's a problem, the company gets a pass because they have preemption. It dawned on me the consumer didn't know. The women didn't know that this existed.

The history of successful cases, some of which are in this museum, illustrates that often the regulators and legislatures don't wake up until some plaintiff gets a lawyers and digs out the cover-ups and the incriminating information about a safety defect in an automobile or another product.

The financial crisis was a classic case of the political class failing the American people. Twenty-five agencies were supposed to be minding the store during the financial crisis and every one of them was asleep at the switch.

I like not to know, unless it's something that I need to know, specifically, for how I color a performance.

Today the U.S. government can demand the nation-wide recall of defective softball bats, sneakers, stuffed animals, and foam-rubber toy cows. But it cannot order a meatpacking company to remove contaminated, potentially lethal ground beef from fast food kitchens and supermarket shelves.

But, if recent history has taught us anything, it’s that self-regulation doesn’t work in finance, and that worries about reputation are a weak deterrent to corporate malfeasance.

To effectively leverage the social graph, every company needs to understand that they need to make their information easily transferable.

The proposed Bush regulations put politics above the health care needs of Americans.

In order to understand one person speaking to us, we need to process 60 bits of information per second.

I'm not in favour of a regulation-free world. I align myself with Teddy Roosevelt, who broke up the trusts. Regulation is necessary, but it should be in favour of the consumer, the citizen, and freedom.

Management has to provide the coordinating mechanism between what the supplier provides and what the user needs in not-good-enough situations where product architecture is consequently interdependent. Management always beats markets when there is not sufficient information.

Read. Read anything. Read the things they say are good for you, and the things they claim are junk. You'll find what you need to find. Just read.

I think we're fooling ourselves if we think that regulators are going to be able to outsmart the bankers. So, the task of designing regulatory reform is trying to make more or less foolproof regulation and that's one of the advantages of the systemic category.

All you need in life is truth and beauty and you can find both at the Public Library.

Markets are imperfect. So you do need regulation, knowing that the regulators are also human.

These people say free markets are the way to go, but wink, wink, the markets aren't really free. They're just a protectionist racket, and we have to pay for it all on every level. It's really quite extraordinary, and immoral, and illegal. These things need to be named, and shamed, and outed, and mocked, and prosecuted.

Curiosity needs food as much as any of us, and dies soon if denied it.

I want a Supreme Court that doesn't always side with corporate interests.