You said that Wall Street backed it, but I can guarantee you, Main Street didn't back it. Main Street had problems with it. I feel personal about this because as a young lawyer right out of law school, I took some risks. I had to go to the bank. The bank that I had been dealing with wouldn't work with me on buying a building. But one of my community banks stepped up to the plate, and they said, do you know what? We know that as long as you're alive, you'll pay this loan. Even if business isn't good, we count on you because we have known you since you were a kid, and we know exactly that you're going to be there, and you're going to do things. Without that money, I daresay that I wouldn't have had a successful law practice for 28 years. A lot of times people don't think of lawyers as businessmen, but if you're a sole practitioner like I was for many, many years, you've got to make the payroll, you've got to pay your loans, and you've got to do the things that you have got to do. Well, guess what's happening? That loan wouldn't have been made to me today. Another young man in a situation like I was in who wanted to go out and practice on his own and make his way in his hometown wouldn't be allowed to do that under the current regulatory scheme--and that's that job plus the jobs of all the people who I had working for me in that office as I went forward with my practice. So you're absolutely right in what you say.…
Share & report
More from Howard Griffith
Mr. Speaker, let me be clear: I meant no offense and no criticism. As the gentleman from the other side of the aisle and from New Jersey knows, I love parliamentary procedure. One of the reasons that we have parliamentary procedures and…
Mr. Speaker, I am prepared to close. I reserve the balance of my time. Mr. McGOVERN. Mr. Speaker, I yield myself the balance of my time to close. Mr. Speaker, I have so much more I want to say, but this all really boils down to one…
Mr. Speaker, I yield 2 minutes to the gentlewoman from North Dakota (Mrs. Fedorchak).
Mr. Speaker, I yield back the balance of my time, and I move the previous question on the resolution. The SPEAKER pro tempore. The question is on ordering the previous question. The question was taken; and the Speaker pro tempore announced…





