[Congressional Record Volume 156, Number 60 (Tuesday, April 27, 2010)]
[House]
[Page H2889]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
WALL STREET REFORM AND CONSUMER PROTECTION ACT
(Ms. JACKSON LEE of Texas asked and was given permission to address
the House for 1 minute.)
Ms. JACKSON LEE of Texas. The Republicans always want to dwell on
distractions, but I believe that the American people are waiting for
the health care reform bill to be implemented--and that it will. And it
will save lives. But why are the Republicans standing on the side of
big business and big companies too big to fail? Now we need the Wall
Street Reform and Consumer Protection Act to be able to respond to
America's cry for honesty and integrity on Wall Street.
Right now, one of the biggest Wall Street casinos, Goldman Sachs, is
testifying. And I don't know whether they can find the facts to be able
to defend atrocious acts causing millions of Americans to lose money. I
personally know of a small business that they literally destroyed
because they were unwilling to look at ways of allowing that business
to survive. And so the $14 million of net worth loss, $22 million
decline in net worth, and 2.2 million in homes lost is because of the
lack of integrity on Wall Street.
Pass the legislation that will end bailouts; protect families'
retirement funds; college savings; homes and businesses; protect
consumers; and, yes, inject transparency. Goldman Sachs, what is your
answer to the question?
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