[Congressional Record (Bound Edition), Volume 155 (2009), Part 1]
[House]
[Page 831]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              TARP REFORM

  (Mr. HALL of New York asked and was given permission to address the 
House for 1 minute.)
  Mr. HALL of New York. Mr. Speaker, the House approved the $700 
billion financial rescue package last October only under the condition 
that banks would be accountable and that taxpayers would know what the 
banks did with the money. We all know that that hasn't happened.
  The Bush administration and the Treasury Secretary never held up 
their end of the deal. They've ignored the measures Congress put in the 
package to protect the taxpayers. The result: blank checks to big banks 
and nothing to protect middle class families from foreclosures.
  Today, the House is going to vote to change this and will strengthen 
oversight on what the banks and the administration are doing with the 
funds. The taxpayers have the right to finally know exactly how their 
money was spent.

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