[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Page 5941]
[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. We need financial regulatory reform. In 2008, our country 
witnessed the failure of some of the biggest and most interconnected 
companies in our economy. Years of greed and irresponsible behavior 
allowed financial institutions to make casino bets with the money of 
hardworking American families.
  Last year the Financial Services Committee and this Chamber passed a 
comprehensive set of reforms that will prevent these abuses from 
happening again. This reform finally put the American consumer over the 
bottom lines of banks. They will allow shareholders to have a say on 
the excessive bonuses that many executives receive regardless of 
performance, and they will end the problems of too big to fail.
  The time has come for Members of both Chambers to stop making false 
accusations in return for political gains. Let's work together and pass 
financial regulatory reform. It's time for change.

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