[Congressional Record Volume 156, Number 101 (Thursday, July 1, 2010)]
[House]
[Page H5306]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          MAIN STREET ON THE HOOK FOR MANHATTAN'S WALL STREET

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, yesterday, the House 
passed a financial regulatory bill, which shows Washington liberals 
once again how out of touch they are with the needs of hardworking 
Americans. Small business owners and community bankers across South 
Carolina will be adversely impacted by this bill.
  Justin Strickland, president of Southern First Bank in Cayce, and 
father of former House floor page Justin Strickland, Jr., said that 
``this bill adds 30 new regulations that will severely limit the 
ability of small banks to extend credit to South Carolinians.'' Hal 
Stevenson, CEO of Grace Outdoor in Columbia, explains that this big 
bank bailout discourages lending to small businesses and reduces job 
creation. Calling this a reform bill is insulting when it fails to 
address the giants in the financial collapse, Fannie Mae and Freddie 
Mac. Failing to tackle these two cancerous entities is like going in 
for surgery and keeping the giant tumor in place.
  In conclusion, God bless our troops and we will never forget 
September 11th in the global war on terrorism.

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