[Congressional Record (Bound Edition), Volume 154 (2008), Part 16]
[House]
[Page 21996]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        ALTERNATIVE RESCUE PLAN

  (Mrs. BIGGERT asked and was given permission to address the House for 
1 minute.)
  Mrs. BIGGERT. Madam Speaker, I rise today to urge all of my 
colleagues on both sides of the aisle to give serious consideration to 
the alternative rescue plan that my colleagues and I have hammered out 
over the last few days and announced yesterday.
  Unlike the Paulson plan, our plan makes Wall Street pay for Wall 
Street's mistakes. Unlike the Paulson plan, it calls for a workout, not 
a bailout. By requiring owners of mortgage-backed securities to 
purchase insurance, we put the ball squarely where it belongs, with 
those who were responsible, not the innocent, hardworking taxpayers.
  Let's not play the blame game. Let's work together to find a 
solution. We have a terrible problem here right now. Let's find that 
solution.

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