[Congressional Record (Bound Edition), Volume 148 (2002), Part 9]
[House]
[Pages 12239-12240]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  NOT MUCH SOLACE IN PRESIDENT'S WORDS

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Mr. Speaker, the President has spoken and I do not take, 
unfortunately, much solace in what he had to say. He talked about a lot 
of voluntary reforms on Wall Street. He talked about the fact he has 
been waiting for months for a little bit of money from Congress for the 
SEC. Yet he denied his own toothless watchdog, Harvey Pitt, the head of 
the Securities and Exchange Commission, $91 million just 3 months ago.
  The President is born again into wanting to do something politically 
about the problem we have, but not really deal with the problems on 
Wall Street because that will offend some

[[Page 12240]]

very powerful and very wealthy people, no matter how ill-gotten their 
gains.
  The fox is still guarding the henhouse and the President did not 
offer us anything today except political rhetoric.

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