[Congressional Record Volume 144, Number 145 (Tuesday, October 13, 1998)]
[House]
[Page H10670]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                BAILOUT FOR RICH FAT CATS ON WALL STREET

  (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, check this out. A bunch of rich, fat cats 
on Wall Street, through their hedge fund, gambled $100 billion on the 
Russian ruble with borrowed American money.
  We can figure it out, they lost big time and the Fed had to bail them 
out saying if they did not, there could possibly be a depression in 
America.
  Unbelievable, is it not? Think about it. Bailout for Russia, bailout 
for Japan, bailout for Mexico, bailout for rich fat cats gambling with 
our money, and now we are talking about an $18 billion bailout for 
Brazil and Russia, who are dumping steel illegally in America 
destroying our economy.
  Beam me up.
  What is next? Foreign aid for China? I do not think Congress will 
wise up until Uncle Sam needs a bailout. I yield back whatever money is 
left.

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