[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Page 6384]
[From the U.S. Government Publishing Office, www.gpo.gov]




                     WE MUST PASS FINANCIAL REFORM

  (Mr. CLEAVER asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. CLEAVER. Mr. Speaker, a little over 2 years ago, our Nation 
walked to the precipice. Many Americans are perhaps unaware of the fact 
that we were very, very close not to a major recession but a 
depression. And for this body to pass financial reform was, I think, 
one of the better things we have done.
  For financial reform to remain on the table over in the Senate is 
just abominable. Many people were out trying to survive during this 
crisis and still losing money, still losing homes.
  We saw Wall Street playing around with derivatives that many of them 
didn't even understand. They hired physicists to actually describe what 
would happen with the derivatives. So if we don't do financial reform, 
we're going to leave the American public vulnerable.
  We have got to do it. We have got to establish a Financial Consumer 
Protection Agency and we need to do it now.

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