| 00:00:01 |
HOST, -
GUEST: SENATORS WILL KICKOFF THE DEBATES ON THIS 1400 PAGE BILL. THE FIRST COUPLE MEMBERS WILL COME UP TODAY. SOME OF THE DEBATE ON THE FLOOR COULD GET...
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| 00:00:26 |
GUEST, -
OUR VIEWERS BE WATCHING FOR TODAY? GUEST: IT WILL TALK ABOUT THE ISSUE OF VERY LARGE FINANCIAL FIRMS, WHOSE FAILURE COULD THREATEN A PART OF OUR ECONOMY....
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| 00:00:45 |
HOST, -
FOR A WAY TO PREVENT THE PROBLEMS OF TOO BIG TO FAIL. SOME OF THE FIRST AMENDMENTS
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| 00:00:53 |
GUEST, -
WILL DEAL WITH THAT. HOST: SENATOR BOXER HAS ONE AMENDMENT THAT AIMS TO TIGHTEN UP THE LANGUAGE A LITTLE BIT WHEN IT COMES TO HOW A BANK FAILS AND WHETHER...
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| 00:01:17 |
HOST, -
BE USED FOR FAILING FIRMS. I THINK THAT IS INDICATIVE OF THE TYPE OF SENTIMENT A VARIETY OF SENATORS IN BOTH PARTIES HAVE TO TIGHTEN UP THE LANGUAGE TO...
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| 00:01:34 |
GUEST, -
GET AT THIS PROBLEM THAT IS AT THE CORE OF THIS BILL. THAT IS, HOW TO DEAL WITH THE FAILURE OF THESE LARGE FIRMS. HOST: ANOTHER AMENDMENT IS FROM SENATOR...
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| 00:02:09 |
HOST, -
WOULD GO FURTHER THAN THE CURRENT SENATE BILL BY BASICALLY SETTING NUMERICAL TARGETS RELATIVE TO THE SIZE, LEVERAGING, AND CAPITAL FOR BIG BANKS. THE...
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| 00:02:30 |
GUEST, -
SENATORS IN CONGRESS SHOULD PROVIDE NUMERICAL LIMITS. HOST: WHEN DO YOU EXPECT A VOTE ON THE BROWN-KAUFMAN AMENDMENT? GUEST: IT IS VERY MUCH UP IN THE...
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| 00:03:04 |
HOST, -
THERE ARE EXPECTED TO BE A SLEW OF POPULIST AMENDMENTS. CAN YOU GIVE US AN IDEA OF SOME OF THE LANGUAGE?
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| 00:03:14 |
GUEST, -
GUEST: PEOPLE WOULD CATEGORIZE THE BROWN-KAUFMAN AMENDMENT IN THAT CATEGORY.
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| 00:03:25 |
HOST, -
OTHERS INCLUDE A MUCH MORE HEIGHTENED AUDIT
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| 00:03:36 |
GUEST, -
OF THE FEDERAL RESERVE, WHICH IS REMINISCENT OF THE BATTLE AND HOUSE. HOST: "THE WASHINGTON POST" HAS THIS HEADLINE. THE PROPOSAL THAT WOULD FORCE BANKS...
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| 00:04:02 |
HOST, -
THEILA BAIR, THE HEAD OF THE FDIC, WROTE A LETTER OVER THE WEEKEND EXPRESSING CONCERN. BAIR EXPRESSED CONCERNS THAT INSTEAD OF CRACKING DOWN ON THE MARKET,...
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| 00:04:25 |
GUEST, -
SOME BEING THAT THE MARKET FOR DERIVATIVES WOULD NOT JUST GO AWAY. BAIR EXPRESSED CONCERNS THAT IT WOULD BE SHIFTED TO SLIGHTLY LESS REGULATED INSTITUTIONS,...
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| 00:05:25 |
HOST, -
THERE IS A PART OF THE SENATE BILL THAT WOULD GIVE NEW POWER TO MONITOR THE INSURANCE INDUSTRY.
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| 00:05:34 |
GUEST, -
THEY CONCERN IS WHETHER THAT OFFICE WOULD HAVE THE POWER TO ENTER INTO INTERNATIONAL AGREEMENTS WITHIN THE INDUSTRY, AND POSSIBLY PREEMPT WHAT STATE...
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| 00:06:29 |
HOST, -
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| 00:06:30 |
GUEST, -
WHAT DO YOU THINK ABOUT THE DECISION?
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| 00:06:32 |
HOST, -
CALLER: I THINK IT IS A
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.