House Proceeding on Oct 15th, 2009 :: 0:02:50 to 0:04:15
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0:02:47 to 0:03:07( Edit History Discussion )

Peter A. DeFazio: unending desire to help people and i wish him the best as he continues to be a positive force in his community. thank you, madam speaker. and i yield back the balance of my time. the speaker pro tempore: the gentleman yields. the chair will entertain up to 10 further requests for one-minute speeches on each

0:02:50 to 0:04:15( Edit History Discussion )
Speech By: Peter A. DeFazio

0:03:08 to 0:03:29( Edit History Discussion )

Peter A. DeFazio: for what purpose does the gentleman from oregon rise? mr. defazio: to address the house for one minute. the speaker pro tempore: without objection. america, unemployed americans, strugling small businesses heed the sigh of relief today because we know the recession's over. goldman sachs reported profits

0:03:30 to 0:03:50( Edit History Discussion )

Peter A. DeFazio: of $3.19 billion. they're on track to pay bonuses of over $20 billion, $700,000 average per employee. the recession is over for goldman sachs. of course, there is a little problem with this whole equation. over the last year they received over $60 billion in taxpayer subsidies.

0:03:51 to 0:04:12( Edit History Discussion )

Peter A. DeFazio: hmm. that happens to be about five times their projected profits and three times what they are going to pay out in bonuses. they got $13 billion from a.i.g. after we gave a.i.g. $80 billion to pay off bad debt. they changed into a bank holding company magically but are exempt from bank holding

0:04:13 to 0:04:15( Edit History Discussion )

Peter A. DeFazio: company rules and got another