On the recordJuly 13, 2009
By designating certain firms as systemically risky, we almost guarantee that there will be more Fannie Maes and Freddie Macs.
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congress.govBy designating certain firms as systemically risky, we almost guarantee that there will be more Fannie Maes and Freddie Macs.
Warning about the potential consequences of labeling firms as systemically risky.
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May I inquire how much time I have remaining. The SPEAKER pro tempore. The gentleman from Texas has 1 minute remaining.
As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.
I am now very pleased to yield 2 minutes to the gentleman from Louisiana (Mr. Scalise), the majority whip.