[Congressional Record (Bound Edition), Volume 157 (2011), Part 6]
[House]
[Page 7876]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        WALL STREET SPECULATORS

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. This Memorial Day weekend, families all across America 
have cancelled their travel plans. Others are digging deep to pay 60 
bucks for a fill-up. And $10 of that $60 is going to speculators on 
Wall Street.
  Just yesterday, finally, the Commodity Futures Trading Commission 
filed its first suit against Wall Street market manipulation and 
speculation gouging the American people. The Republican reaction: Cut 
the budget of the Commodity Futures Trading Commission--that's what 
they proposed this week--and block any regulation of energy 
speculators.
  So while families across America are struggling to keep their 
lifestyle, fill their tanks, and have a little fun with their families, 
the Wall Street speculators can ride down in their private elevators 
and relax in the backseat of their limousines while the chauffeur 
whisks them out to their third house in the Hamptons, because the 
Republicans have their backs and will protect the speculators at any 
cost.

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