[Congressional Record (Bound Edition), Volume 154 (2008), Part 15]
[House]
[Pages 20192-20193]
[From the U.S. Government Publishing Office, www.gpo.gov]




                          NO GOLDEN PARACHUTE

  (Mr. HALL of New York asked and was given permission to address the 
House for 1 minute.)
  Mr. HALL of New York. Mr. Speaker, there are millions of Americans 
across this country who have lost a house, lost a job or lost their 
investments through no fault of their own, and they don't have a rich 
corporate bonus. They don't have a golden parachute or a bailout plan.
  The idea that the well-paid executives who contributed so much to put 
us in this mess could walk away, while making millions of dollars, 
getting bailed out by the same taxpayers who are struggling thanks to 
their negligence, is totally absurd and cannot be allowed. Whatever we 
do this week, as we help out Wall Street, we should throw a lifeline to 
Main Street where people are really hurting.
  We need to help them keep their homes, hold on to their jobs and make 
ends meet. We must act to ensure that these problems never happen again 
by

[[Page 20193]]

including rigorous new government control and oversight into all of the 
securities and institutions that have been operating outside regulatory 
authority.
  If we act in the right way, I have no doubt we can pass a bill that 
will rescue the economy and at the same time prevent this same mess 
from happening again. We must pass the right bill.

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