House Proceeding 03-19-09 on Mar 19th, 2009 :: 0:22:45 to 0:24:10
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0:22:42 to 0:23:02( Edit History Discussion )

Gary Peters: we got to make an inquiry. you make your inquiry and we'll do what we have to do. the speaker pro tempore: the gentleman from new york controls the time. mr. rangel: i am pleased to present a young man that is a freshman that hasn't been here that long but he came here with a feeling what is moral, what is just, and i appreciate his advice on this bill, representative peters from

0:22:45 to 0:24:10( Edit History Discussion )
Speech By: Gary Peters

0:23:03 to 0:23:23( Edit History Discussion )

Gary Peters: michigan, for one minute. the speaker pro tempore: the gentleman from michigan is recognized for one minute. speaker. today i rise in support of h.r. 1586, legislation that i helped craft that will reclaim outrageous bonuses paid wit our taxpayer dollars that were given out to a.i.g. and other companies th received billions in tarp funds.

0:23:24 to 0:23:45( Edit History Discussion )

Gary Peters: million dollar gone bohnouses to the very people who drove our economy -- million dollar bonuses to the very people who drove our economy to collapse. many said there was nothing that we could do because a.i.g. was contractually obligated to pay the rewards. i rejected that notion. auto industry workers are renegotiating their contracts

0:23:46 to 0:24:07( Edit History Discussion )

Gary Peters: and making sacrifices as a condition of receiving federal support. if natural executives thought they should be held to a different standard, today they know that we mean business. i'm grateful to my colleagues who worked with me to quickly develop a plan to put a stop to these outrageous bonuses and i would likeo thank chairman rangel, congressman israel, and

0:24:08 to 0:24:10( Edit History Discussion )

Gary Peters: congresswomanaloney for working with me to write this