Wealth & Money Quote by Kit Bond

“Revive” is doing a lot of work here. Kit Bond isn’t pitching a shiny new policy so much as shaming Washington for letting an old, unfinished job slide. By name-checking the Clinton era, he invokes a moment when globalization’s risks were becoming impossible to ignore, but before “too-big-to-fail” entered everyday vocabulary. It’s a tactical appeal to precedent: this isn’t radical, it’s lapsed responsibility.

The line’s real target is “dangerously loose banking regulations,” a phrase that casts certain countries not as competitors with different models, but as hazards to the whole system. Bond is pointing at the logic of regulatory arbitrage: money doesn’t stay politely inside borders, and finance will migrate to wherever oversight is cheapest. In that framing, a lax offshore regime isn’t just someone else’s problem; it’s a leak in the hull that can sink everyone. The subtext is that American prosperity and stability depend on other governments tightening their rules, even if those governments benefit from being the world’s easy money laundromat.

“Pressure” is the tell. This is not kumbaya multilateralism; it’s a hard-nosed endorsement of U.S. leverage - diplomatic, economic, and potentially through institutions like the IMF or FATF-style blacklisting. Bond’s intent is to legitimize intervention in other nations’ regulatory sovereignty as self-defense, while insulating himself politically by grounding it in an earlier, bipartisan-ish push. It’s a politician’s way of saying: we’ve seen this movie, we know how it ends, and pretending finance is purely domestic policy is the most expensive fantasy on the ballot.