[Congressional Record Volume 156, Number 89 (Tuesday, June 15, 2010)]
[House]
[Pages H4440-H4441]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           WALL STREET REFORM

  (Ms. FUDGE asked and was given permission to address the House for 1 
minute.)
  Ms. FUDGE. Mr. Speaker, Congress must decide whether to protect the 
interests of a few deceptive bankers who ruined the industry for others 
or to protect the hardworking Americans of this Nation.
  House Democrats have already decided. We have decided to choose Main 
Street over Wall Street. We have decided to choose parents who want to 
provide for their children and for people who are saving for 
retirement. We have decided, Mr. Speaker, that the American people are 
more important than the overzealous bankers.
  Maintaining the status quo is not the answer. Look at what the 
current situation has done to America. Eight million jobs were lost 
without the safeguards to protect Main Street. Millions of homes were 
taken in foreclosure due to subprime mortgage schemes.
  American people deserve and want better. A CNN poll shows 6 out of 10 
Americans support Wall Street reform. Republicans have blocked efforts 
to protect Americans. House Republicans voted unanimously against the 
Wall Street Reform and Consumer Protection Act. This act would reform 
Wall Street, reform executive pay, end taxpayer-funded bailouts, and 
hold banks

[[Page H4441]]

and financial firms accountable to the American taxpayers.
  Congressional Republicans are making backroom deals with the bankers. 
It is time for us to protect Main Street.
  The same Republicans who deregulated the industry, and opposed 
reforms, now claim the Wall Street reform bill ``allows bailouts.'' 
This is false.
  Let's give Americans what they deserve--fairness in the financial 
system.

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