Political Quotes

Bill Pascrell: We're talking about the biggest profits ever, just like Wall Street declared the biggest profit year they've ever had in…

On the recordFebruary 24, 2010
We're talking about the biggest profits ever, just like Wall Street declared the biggest profit year they've ever had in 2009. That's interesting. We talk about we want to save the smaller insurance companies. We've saved nobody. In the last 60 years, all that we've done is concentrate power, and the result of it is higher cost to the average citizen that lives in my district and every district here on the floor. I thank you, Mr. Chairman. Be persistent. Call the other folks out at the other end of the building and we'll see who really cares about the policyholders in this country.
Said by
Bill Pascrell
Democratic · New Jersey
Source
govinfo.gov
Feb 24, 2010

Editor's note · Context

Pascrell addresses the concentration of power in the insurance industry and its impact on costs for citizens.

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