Political Quotes

James Traficant: “check this out. A bunch of rich, fat cats on Wall Street, through their hedge fund, gambled $100 billion on the Russian…”

On the recordOctober 13, 1998
check this out. A bunch of rich, fat cats on Wall Street, through their hedge fund, gambled $100 billion on the Russian ruble with borrowed American money. We can figure it out, they lost big time and the Fed had to bail them out saying if they did not, there could possibly be a depression in America. Unbelievable, is it not? Think about it. Bailout for Russia, bailout for Japan, bailout for Mexico, bailout for rich fat cats gambling with our money, and now we are talking about an $18 billion bailout for Brazil and Russia, who are dumping steel illegally in America destroying our economy. Beam me up. What is next? Foreign aid for China? I do not think Congress will wise up until Uncle Sam needs a bailout. I yield back whatever money is left.
Said by
James Traficant
Ohio
Source
govinfo.gov

Editor's note · Context

Discussing financial bailouts and their impact on the U.S. economy.

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