On the recordJanuary 26, 2010
Mr. Speaker, I rise today to express outrage, outrage at the information that has recently come to light about the AIG bailout. Though it may not be clear yet who should be held accountable, one thing is clear: The American people will not tolerate the use of taxpayer dollars for use in backdoor bailouts where the details are treated as classified, using methods typically reserved for matters of national security. Though some financial matters may require protection as a matter of national security, it does not appear that the AIG bailout rises to that standard. At a time when our Nation is actively engaged in wars on two fronts, and terrorists and traffickers are always looking for means to breach our defenses, such treatment should be reserved for documents pertaining to actual security threats. I opposed the Troubled Asset Relief Program from the very beginning because it focused too much on Wall Street and its executives and not enough on the problems that face working Arizona families. It does too little to hold accountable the banks and corporations that have benefited from billions in taxpayer dollars. The House Oversight Committee and the GAO are now investigating the entire AIG bailout. They should complete their work as quickly as possible so the results can be released to the American taxpayers. ____________________





