[Congressional Record (Bound Edition), Volume 154 (2008), Part 17]
[House]
[Page 23725]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1215
                          RESTORING CONFIDENCE

  (Mr. FARR asked and was given permission to address the House for 1 
minute.)
  Mr. FARR. Mr. Speaker, I rise to share the anger expressed by my 
constituents and constituents of many Members of Congress--anger over 
the financial mess that we are in, anger at Wall Street for the greed 
that got us there, and anger at the White House for the arrogance in 
asking Congress to authorize $700 billion without any conditions.
  However, the public should not be angry that the Congress has tried 
to respond, not to the President's request but to the public's need for 
checks and balances. We wrote an entirely new bill, the contents of 
which are on every Member's Web site. It provides relief with checks 
and balances, oversight for taxpayer safeguards, and addresses obscene 
salaries and abusive golden parachutes. It is not a perfect bill, but 
it is a responsible bill.
  The best thing that came out of the last 10 days is that the 
institutions of government became responsible for governing the affairs 
of this Nation in a bipartisan manner. Now let's hope that this House 
will follow the leadership of the Senate last night in passing a 
responsible recovery plan.
  In the end, it is the institutions of government that have to regain 
confidence. Let's hope that this November election will elect 
leadership that can restore that confidence to the Nation and the 
world.

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