OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Don't Deregulate Wall Street Again

Floor Speech

Date: Jan. 14, 2015
Location: Washington, DC
Issues: Finance and Banking

BREAK IN TRANSCRIPT

Mr. ELLISON. Mr. Speaker, I come to the floor today to remind my colleagues on both sides of the aisle who are about to cast votes on a bill that I believe will make Wall Street a little freer to make risky bets for a few more years: Where were we 6 years ago?

Well, let me just give you a blast from the past with some headlines. From The Wall Street Journal, on January 7, 2009, ``ADP Reports 693,000 Private Sector Jobs Lost''; CNN, January 9, 2009, ``Worst Year for Jobs Since '45''; Bloomberg, January 8, 2009, ``December's Job Loss Was Bad. But How Bad?''; in The New York Times, February 14, 2009, ``Job Losses Pose a Threat to Stability Worldwide.''

President Obama hadn't been in office. This was other stuff, mistakes that had happened in the past connected to deregulation of Wall Street.

We were staring down the worst recession since the Great Depression. Today, we are about to embark back down that path to deregulate Wall Street again. Don't do it.

BREAK IN TRANSCRIPT


Source
arrow_upward