[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Page 5943]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   WE MUST REIN IN WALL STREET BANKS

  (Ms. TITUS asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. TITUS. Mr. Speaker, 2 years ago our Nation suffered one of the 
greatest economic meltdowns in history when the financial markets 
nearly collapsed and sent the country into the deepest recession in a 
generation, one that my State of Nevada is still working to pull itself 
out of.
  The hardworking people of southern Nevada have paid a steep price for 
the greed and dangerous under-regulation of Wall Street that created a 
foreclosure crisis resulting in far too many families losing their 
homes. Seniors lost their retirement nest eggs, and parents lost their 
savings to pay for their children to go to college.
  It's time to ensure that the proper safeguards are in place so that 
we can prevent a crisis of this magnitude in the future. We must rein 
in Wall Street banks that gave their executives obscene bonuses while 
steering our economy into the ditch. We must close regulatory loopholes 
and strengthen oversight enforcement so that government agencies cannot 
fall asleep at the wheel.
  The House has already passed this important legislation that will 
permanently end taxpayer bailouts and hold Wall Street accountable. I 
urge the Senate to do so.

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