Bob Schaffer: “I do not think that the magnitude of this tragedy can be overestimated. It is quite serious. The gentleman is right…”

“I do not think that the magnitude of this tragedy can be overestimated. It is quite serious. The gentleman is right, there are many people in this Congress and in this country who have rebelled against capitalism for years and years, who think our capitalist way of life in America ought to be thrown out; that we ought to, I guess, go the way of some of the socialist nations of Europe and perhaps even the communist nations in experiments that have been tried and failed around the country. We, as conservatives, free-market-oriented legislators, we vigorously defend and put our political capital on the line in the notion of free markets. It has served this country well. It has led us to a point of prosperity in this Nation that was beyond imagination for our forefathers and those who have been the pioneers before us here in America and those who have served prior to us here in Congress fighting to preserve free market capitalism in the country. These individuals who are cheating and lying and resorting to deception and betrayal, I will tell you what, they are the scumbags of American industry. I am fed up with it. I think Republicans ought to be leading the charge to try to suggest that American industry ought to really rise up to try to police itself, because it is these few bad actors who are trying to get away with stealing millions, sometimes billions of dollars, that give the entire business community just a black eye that is very damaging.”