[Congressional Record (Bound Edition), Volume 155 (2009), Part 22]
[House]
[Page 29846]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      FINANCIAL REGULATORY REFORM

  (Mr. BACA asked and was given permission to address the House for 1 
minute.)
  Mr. BACA. Madam Speaker, last fall our economy began a tailspin into 
the worst economic crisis since the Great Depression. For years, greed 
and irresponsibility was allowed to run wild. Now, we find ourselves 
beginning to climb out of this hole.
  This week, we will consider a comprehensive financial package that is 
loud and clear: No more, and I state, no more, no more will we allow 
financial institutions to engage in abusive behavior with other 
people's money. No more will we allow corporate executives to receive 
cash bonuses for failed investments. No more will we let consumer 
protection take a back seat to the bottom line of Bank of America or 
Citibank. The age of taxpayer funded bailouts is over.
  Last fall, Americans lost faith in this country's ability to regulate 
corporate greed. This week, we have a chance to deliver reform 
Americans demand. We cannot let them down.
  I urge my colleagues to support this bill.

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