Jeb Hensarling: “Again, I continue to be amazed at those who wish to decry the possibility of a Federal bailout in debating this bill. I…”

“Again, I continue to be amazed at those who wish to decry the possibility of a Federal bailout in debating this bill. I wonder where their voices were yesterday when all of them, seemingly--the voices we hear today--defended the Federal Housing Administration from actually receiving a taxpayer bailout, the first in history. {time} 1315 So when taxpayers actually have to pay, we hear choruses of ``Que Sera, Sera.'' But when a private institution loses their money that the taxpayers didn't have to pay for, all of a sudden the sky is falling. I understand that the ranking member, obviously, has the opportunity to change her mind; but clearly she was for it before she was against it. When I hear many of my colleagues decry the lack of bipartisan legislation, I don't understand why Members would try to oppose it now. It passed overwhelmingly, 53-6. For those who say this is somehow gutting Dodd-Frank, apparently they didn't consult with the former chairman of this committee, Barney Frank, who is on record saying that this addresses the valid criticisms of section 716 without weakening the financial reform law's important derivatives safeguards. It is time, Mr. Speaker, to get America back to work. It is time to make commonsense, bipartisan reforms. I respect every right of every Member to change their mind, but I hope something that passed 53-6 to put America back to work, that soon this full House will pass this legislation; and I urge its adoption.…”