Politico Arena: In the wake of the stress tests, are you more or less distressed about American’s banks?
Grover Norquist, President of Americans for Tax Reform: “…I feel swell…
Now that Barney Frank and Chris Dodd and Rahm Emanuel who spent the last decade explaining how healthy Fannie Mae and Freddie Mac were and why there was no need for any pesky audits and how no taxpayer dollars were at risk and helpful programs to require banks to make bad loans without real collateral were a good idea–now that those three tell me the banks passed a stress test they developed I feel swell."
“’Every once in a while,’ said Norquist, ‘there’s some silly Republican or clever Democrat who says that people aren’t concerned with high taxes anymore. Well, we just had 600,000 people in the streets protesting big government, inflation, and the promise of higher taxes.’”