[Congressional Record Volume 140, Number 26 (Thursday, March 10, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: March 10, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                       BANKERS GET BIG PAY RAISES

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Mr. Speaker, the Citicorp boss, John Reed, got a 92-
percent pay raise to $4.2 million. Folks, Charles Rice, he busted the 
bank at Barnett by doubling his pay to $7.3 million.
  Now, let me ask you something: What did these fat-cat bankers do to 
warrant this type of a pay raise, folks? First, they laid off or fired 
most of their workers. And second, they cheered on Alan Greenspan, who 
helped them get their fat pay raises.
  What bothers me here, Congress, is you need $2 in the bank to make a 
$1 loan anymore in this country. If you are a small businessman, you 
have to kiss the banker's ring just to get a meeting. Guess what the 
bankers tell us: The problem with America is American workers make too 
much money.
  Beam me up, Congress. With bankers like this, we will be lucky if we 
have any jobs left.

                          ____________________