Video archive of the US Congress

House Proceeding 04-29-09 on Apr 29th, 2009 :: 0:27:05 to 0:29:35
Total video length: 5 hours 24 minutes Stream Tools: Stream Overview | Edit Time

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Bill Jr.Pascrell

0:27:01 to 0:27:21( Edit History Discussion )

Bill Jr.Pascrell: some will, but i think most won't. and at this time i will reserve the balance of my time. on your time to respond? the gentleman yields to me, i believe. ok. mr. bachus: maybe on your own

Bill Jr.Pascrell

0:27:05 to 0:29:35( Edit History Discussion )
Speech By: Bill Jr.Pascrell

Bill Jr.Pascrell

0:27:22 to 0:27:43( Edit History Discussion )

Bill Jr.Pascrell: time, if that's already? -- all right? the chair: the gentleman reserves the balance of his time. this time i recognize the gentleman from illinois, if you want to yield to -- >> we don't have any -- our time has been allotted to the members of the committee. the chair: the gentleman from illinois is recognized. mr. gutierrez: i yield a minute

Bill Jr.Pascrell

0:27:44 to 0:28:04( Edit History Discussion )

Bill Jr.Pascrell: to mr. pascrell from new jersey. excuse me, a minute and a half. the chair: the gentleman is recognized. mr. pascrell: thank you, mr. chairman. mr. chairman, that was the best, my good friend from alabama, the best apologist presentation that i've heard in a long time. the very same people stood on the floor of this house and condemned folks trying to get a

Bill Jr.Pascrell

0:28:05 to 0:28:26( Edit History Discussion )

Bill Jr.Pascrell: part of the american dream and buying a house and then finng out they couldn't afford it, condemned those people, not the folks who loaned them the money, not the many unscrupulous people, aveb heard it before and we'll hear it again -- i've heard it before and we'll hear it again, i'm sure. there has to be a balance. the question is, we've gone out of balce and no one can deny

Bill Jr.Pascrell

0:28:27 to 0:28:47( Edit History Discussion )

Bill Jr.Pascrell: lookingt the data of the past, 20 years, that we have reduced our standards. there have been financial products that nobody has overseen and i place the blame on both political parties. neither party is privy to virtue on this. we'll stand for the consumer this time. hopefully we'll get it passed -- past this house and the senate. that's necessary.

Bill Jr.Pascrell

0:28:48 to 0:29:08( Edit History Discussion )

Bill Jr.Pascrell: we have before us here legislation that would give consumers protection against credit card abuses. that's what we are targeting here. and this is at a time when americans are sick and tired of being victims of a crafty and fatally opportunistic financial sector. you may defend that sector, you have all the right to do it.

Bill Jr.Pascrell

0:29:09 to 0:29:33( Edit History Discussion )

Bill Jr.Pascrell: thank god we're in america. americans are discovering that even if they pay their bills, their interest rates still get jacked through the roof. even if you pay your bills. the credit card industry and some members have been quick to condemn this legislation. but today i ask those who have spoken against the legislation, what possible detriment is there

Bill Jr.Pascrell

0:29:34 to 0:29:36( Edit History Discussion )

Bill Jr.Pascrell: in increasing transparency, how

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