OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Don't Deregulate Wall Street Again

Floor Speech

Date: Jan. 14, 2015
Location: Washington, DC
Issues: Finance and Banking

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Mr. ELLISON. Mr. Speaker, I come to the floor today to remind my
colleagues on both sides of the aisle who are about to cast votes on a
bill that I believe will make Wall Street a little freer to make risky
bets for a few more years: Where were we 6 years ago?

Well, let me just give you a blast from the past with some headlines.
From The Wall Street Journal, on January 7, 2009, ``ADP Reports 693,000
Private Sector Jobs Lost''; CNN, January 9, 2009, ``Worst Year for Jobs
Since '45''; Bloomberg, January 8, 2009, ``December's Job Loss Was Bad.
But How Bad?''; in The New York Times, February 14, 2009, ``Job Losses
Pose a Threat to Stability Worldwide.''

President Obama hadn't been in office. This was other stuff, mistakes
that had happened in the past connected to deregulation of Wall Street.

We were staring down the worst recession since the Great Depression.
Today, we are about to embark back down that path to deregulate Wall
Street again. Don't do it.

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