John Hope Bryant: “Mr. Chairman, I was inspired after hearing my friend, the gentleman from Virginia [Mr. Moran], for whom I have great…”

“Mr. Chairman, I was inspired after hearing my friend, the gentleman from Virginia [Mr. Moran], for whom I have great respect, enormous respect. After I heard him speak, I want to say that he voices the sentiments by many of us on this side that we ought to make some modifications that deal with the real problems. But the bill we have before us today is one of a long line of measures that are so extreme, that go so far and that are so, in many respects, absurd as to, I think, astonish anyone who is an observer or a participant in the system of jurisprudence in America today. If the problem was as it has been described by the majority, surely the Securities and Exchange Commission would have been here saying so. But they came before the committee and did not say that this bill was the solution. The gentleman from Virginia, [Mr. Moran] quoted anecdotes. There are many anecdotes; some of them are right on point. But when you get to anecdotes and you look at them carefully, you begin to find that the point one wishes to make by using anecdotes begins to fall apart.”