House Proceeding on Jan 28th, 2009 :: 0:05:45 to 0:06:55
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0:05:31 to 0:05:51( Edit History Discussion )

John Hall: mr. hall: citigroup did take taxpayer funds. and imagine the shock and rage that i and other americans felt when we heard this week that citigroup was buying a 0 million french built corporate jet. is there no shame? america is in the midst of a recession witthe highest unemployment in 16 years and the highest foreclosure rate in more than three decades. people all over the country are losing their jobs, their homes,

0:05:45 to 0:06:55( Edit History Discussion )
Speech By: John Hall

0:05:52 to 0:06:12( Edit History Discussion )

John Hall: their small businesses. and in the midst of all this the company that the taxpayers are bailing out with our tax dollars are -- is buying a plush corporate jet. i voted to rescue the banks reluctantly for one reason and one reason only. to free up credit so that small businesses and individuals could have access to loans for essentials such as college tuition and home mortgages. and the economy could keep

0:06:13 to 0:06:33( Edit History Discussion )

John Hall: running. a new private jet is not what i voted for. thankfully pressure from congress and the white house has forced citigroup to cancel the purchase of this plane, but the incident is a glaring example of the blatant lack of accountability from banks seeking rescue money. it needs to stop and i look forward to working with the new treasury secrary to correct th oversight and make it

0:06:34 to 0:06:54( Edit History Discussion )

John Hall: clear that explicit restrictions are placed on any rescue money used by the barnings. i yield back. the speaker pro tempore: the gentleman's ti for what purp gentleman from texas rise? mr. johnson: i ask unanimous consent to address the house for one minute and to revise and extend. the speaker pro tempore: without objection, the gentleman from texas is

0:06:55 to 0:06:57( Edit History Discussion )

John Hall: recognized for one minute.