[Congressional Record Volume 148, Number 93 (Thursday, July 11, 2002)]
[House]
[Page H4500]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 CORPORATE EVILDOERS ABROAD IN THE LAND

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Mr. Speaker, the gentleman from Florida talked about the 
phony reform that was passed by this House and the fact that the Senate 
will not take it up. Thank God for the Senate.
  That was a phony reform. It was written by the securities industry. 
It was written to touch them with a feather duster. Now there are 
corporate evildoers abroad in the land, and they have stolen and 
diverted billions, bankrupted firms, thousands of hardworking Americans 
have lost their jobs, millions of seniors' savings and pensions 
evaporated, and even the President has noticed.
  He went to Wall Street to admonish his corporate contributors not to 
do it again, but not to worry, Harvey Pitt, the former security firm 
lobbyist, has been named to head the enforcement agency, but he did not 
go to the President's speech because he was on vacation at the beach 
hobnobbing with the same corporate evildoers he is supposed to be 
investigating, his former clients. We do not have to worry about a 
thing, I guess.

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