[Congressional Record (Bound Edition), Volume 145 (1999), Part 3]
[House]
[Page 4058]
[From the U.S. Government Publishing Office, www.gpo.gov]




       DO NOT LOAN MONEY TO COUNTRIES WHO VIOLATE OUR TRADE LAWS

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Check this out, Mr. Speaker. Foreign banks make bad 
loans to bad companies; then these foreign banks go belly up. They dial 
911 for Uncle Sam, and Uncle Sam sends them checks for billions of 
dollars.
  Billions to Russia, South Korea, Thailand, and now Brazil. And guess 
what? They all have something in common. Each and every one of those 
countries violate our trade laws.
  Beam me up, Congress. Even Barney Fife can figure this out. If 
Congress does not stop this madness, the 1990s will end up looking just 
like the Roaring Twenties.
  Before we tax our IRAs, I yield back a $200 billion trade deficit in 
the international masochist fund.

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