[Congressional Record (Bound Edition), Volume 155 (2009), Part 1]
[House]
[Page 830]
[From the U.S. Government Publishing Office, www.gpo.gov]




                THE SECOND ROUND OF THE BAILOUT MISTAKE

  (Ms. KAPTUR asked and was given permission to address the House for 1 
minute.)
  Ms. KAPTUR. Mr. Speaker, the second half of the Wall Street bailout 
is being jammed at this House today--again, with a cursory review by 
the committees that should be meeting their constitutional 
responsibilities. I have a simple question:
  Why would any Member trust the very same group who engineered the 
first bill to do it to America again?
  That first bill has not worked. It has made the foreclosure crisis 
worse, which is at the heart of what is wrong with this economy. Yet 
Wall Street was handsomely showered with taxpayer billions, and they 
then thumbed their noses at Main Streets across this country.
  I wouldn't expect anything from Treasury in the way of sensitivity to 
regular folks. Its job is to sell U.S. debt on Wall Street and to 
collect taxes. They're not designed to do real estate lending or 
housing workouts or real estate accounting. That's the job of the FDIC, 
of the SEC and of HUD. They should be in the lead in the mortgage 
workout process. And frankly, we ought to quadruple the number of 
financial crimes analysts at the FBI.
  I repeat: Why would Congress allow itself to be hoodwinked not once 
but twice into making the same big mistake? I urge my colleagues to 
vote no on the second Wall Street bailout bill. Instead let's do what 
works for the American people by solving the home foreclosure crisis 
first.

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