"Auto dealers did not cause this financial crisis. It seems ridiculous that we should even be talking about regulating them like banks."
-- Sen. Sam Brownback, sponsor of an amendment to the financial reform bill that would exempt auto dealers from oversight, Dow Jones Newswires, April 27
"Shouldn't the Wall Street reform bill focus on those who were responsible for last year's credit fiasco? We were the victims of that crisis ..."
-- NADA Chairman Ed Tonkin, who is on Capitol Hill today to tell senators that over-regulating auto dealers will have "unintended consequences" of curbing access to credit for middle-class families, NADAFrontPage.com, April 27
“They are painting all of us as unpatriotic, and that is just wrong. Auto dealers go out of their way for veterans.”
-- Ray Ciccolo, a dealer from Boston and Marine veteran, responding to efforts by the Department of Defense to include dealers in sweeping financial reform, Detroit Free Press, April 27
“I don’t think the level of concern could be any higher. There’s a sense of urgency. And we’ve got to raise awareness about why this doesn’t make sense and why it’s anticonsumer.”
-- David Hyatt, NADA vice president for public affairs, on dealers' efforts this week to seek an exemption from financial legislation, The New York Times, April 27