House Proceeding 09-29-08 on Sep 29th, 2008 :: 0:35:58 to 0:37:29
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0:31:26 to 0:35:58( Edit History Discussion )
Speech By: Roy Blunt

0:35:43 to 0:35:58( Edit History Discussion )

Roy Blunt: gets into wanting to allocate blame is not helpful. i do think what could be helpful is a solution. i don't think it was helpful the way we started talking about a solution, but it's not this

0:35:58 to 0:36:15( Edit History Discussion )

Edward J. Markey: one. we started talking about a bailout, and we truly have gotten with lots of effort to a program that could be a workout. these are not valueless assets. these are just assets that don't reflect

0:35:58 to 0:37:29( Edit History Discussion )
Speech By: Edward J. Markey

0:36:15 to 0:36:27( Edit History Discussion )

Edward J. Markey: in today's economy the value that they truly have. and this is a program that through a number of ways would begin to stablize and establish that value again, whether it was going in and purchasing

0:36:27 to 0:36:41( Edit History Discussion )

Edward J. Markey: some of these mortgages, with it was insuring these mortgages and other assets that are out there, you begin to make money ak available again for families in america. you begin to make money

0:36:41 to 0:37:02( Edit History Discussion )

Edward J. Markey: available again for businesses that want to e xpand. you begin to make money available again for student loans. you begin to make money available again for the person who wants to pave the

0:37:02 to 0:37:15( Edit History Discussion )

Edward J. Markey: parking area at the service station. this is not about wall street, it's about main street. and this is not about -- this is not about the government going in and buying things that don't have

0:37:15 to 0:37:29( Edit History Discussion )

Edward J. Markey: value. it's about the government helping establish what that value is. if that's done right and we believe that all of the transparency that you could possibly hope to have in a government

0:37:29 to 0:37:46( Edit History Discussion )

Barney Frank: program, is here. all of the oversight is here. in fact, if anything, we may have overdone the oversight, but none of us wa nt to underdo the oversight. this program would insure this program the protections

0:37:29 to 0:41:22( Edit History Discussion )
Speech By: Barney Frank