[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Pages 6382-6383]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    PASS FINANCIAL REGULATORY REFORM

  (Mr. HIMES asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)

[[Page 6383]]


  Mr. HIMES. Mr. Speaker, it's not even 3 years since Bear Stearns 
landed flat on its back, that Lehman Brothers landed flat on its back, 
that AIG contributed to a destruction of our economy which resulted in 
the destruction of $17 trillion of the household wealth of the American 
people.
  We have spent the last year assembling a commonsense, market-oriented 
package of reforms, bringing derivatives onto exchanges, creating an 
agency which prevents mortgage brokers from selling mortgages to 
American families that that broker knows can't possibly be repaid.
  Yet the other side is saying ``no,'' saying ``no'' to the kind of 
commonsense reform that will restore Americans' faith in their system, 
make them comfortable investing in America. Yesterday in the other 
body, a big step back was taken.
  The time is now if we are to be serious about addressing the crisis 
that this country is only now emerging from for this House to set aside 
partisanship and pass financial regulatory reform.

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