On the recordJune 9, 2010
Mr. Speaker, the American people are tired of endless bailouts of the select few. When the gentleman spoke of AIG, AIG still owes us $100- plus billion we'll never see back, in spite of the fact that much of that money went outside the country. I'm part of a Congress that saw the Bush administration make mistakes. I'm fortunate that I voted against it and I'm happy that I voted against it. As we go into this financial reform, I would hope that we remember Milton Friedman once said, Capitalism is a profit and loss system: the profits encourage risk-taking and the losses encourage prudence. Mr. Speaker, we must have freedom to fail in this country.
