Political Quotes

On the recordJune 30, 2010
Mr. Speaker, I rise in opposition to this rule and to ask this body to step back for a moment to do a quick sanity check. What's the purpose of this bill? I thought its purpose was to rein in Wall Street and end the abuses that precipitated the most massive financial meltdown and economic downturn since the Great Depression. Its purpose is to make Wall Street pay for the abuses, not Main Street. I am all for that. In fact, along with my Republican colleagues I offered the first reform bill, H.R. 3310, back in July, and many amendments designed to rein in Wall Street, end the abuses, but not harm Main Street. Instead, we have before us a bill that turns the stated purpose upside down. What do I mean? Well, the end result is that Goldman Sachs supports the bill and the Chamber of Commerce opposes the bill. Goldman's CEO testified, and I quote, ``I am generally supportive. The biggest beneficiary of reform is Wall Street itself.'' Meanwhile, the U.S. Chamber, which represents Main Street American businesses, opposes the bill. Wall Street supports this bill while Main Street suffers? Where is the logic in that?
Said by
Judy Biggert
Illinois
Source
govinfo.gov
Jun 30, 2010

Editor's note · Context

The speaker opposes a bill intended to reform Wall Street, arguing it fails to protect Main Street.

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