Political Quotes

“My colleague from New York is absolutely correct. The point we have been trying to make here is that if you go here --and ``Stock Disasters'' is the title of this, Mr. President--and then you switch on ``Stock Disasters''--and the stocks decline in a couple cases, some stocks going up--there is no allegation here of fraud or mismanagement, merely stock fluctuations. Stock disasters? That is not a disaster. It is 10:52 this morning. That is how these suits are filed. It is ludicrous to somehow suggest we are talking about deep fraud in these cases. All we are trying to do is slow this down so that legitimate plaintiffs can bring lawsuits, and also legitimate investors particularly--and a lot of these companies, by the way, I point out, Mr. President, a lot of these companies, if you look at the losers as of 10:52 this morning, are your small high-tech firms. That is the future of our economy, by the way. That is the knowledge-based economy of our country for the 21st century. Let some predator law firm go out there because they get a slight stock fluctuation and bring a lawsuit against them, having to spend millions of dollars to defend the company, you lose the company. Who benefits from that? I tell you who does. The law firm. That is who does. That is all this is about, the bottom line. That is all this is about.”