James Traficant said "the Citicorp boss, John Reed, got a 92- percent pay raise to $4.2 million. Folks, Charles Rice, he busted the bank at Barnett by doubling his pay to $7.3 million. Now, let me ask you something: What did these fat-cat bankers do to warrant this type of a pay raise, folks? First, they laid off or fired most of their workers. And second, they cheered on Alan Greenspan, who helped them get their fat pay raises. What bothers me here, Congress, is you need $2 in the bank to make a $1 loan anymore in this country. If you are a small businessman, you have to kiss the banker's ring just to get a meeting. Guess what the bankers tell us: The problem with America is American workers make too much money. Beam me up, Congress. With bankers like this, we will be lucky if we have any jobs left. ___________________

On the recordMarch 10, 1994

the Citicorp boss, John Reed, got a 92- percent pay raise to $4.2 million. Folks, Charles Rice, he busted the bank at Barnett by doubling his pay to $7.3 million. Now, let me ask you something: What did these fat-cat bankers do to warrant this type of a pay raise, folks? First, they laid off or fired most of their workers. And second, they cheered on Alan Greenspan, who helped them get their fat pay raises. What bothers me here, Congress, is you need $2 in the bank to make a $1 loan anymore in this country. If you are a small businessman, you have to kiss the banker's ring just to get a meeting. Guess what the bankers tell us: The problem with America is American workers make too much money. Beam me up, Congress. With bankers like this, we will be lucky if we have any jobs left. ____________________

Said by

James Traficant

Ohio

Source

govinfo.gov

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