| 00:00:15 |
Dodd, Christopher "Chris" J. - U.S. Senator, [D] Connecticut
ISSUE, AS WELL. WE HOPE WE HAVE A COMPROMISE RESPONSE FOR YOU WE CAN ALL AGREE ON. >> BEFORE WE DO THAT, I ASK THE GENTLEMAN TO
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| 00:00:25 |
Frank, Barney - U.S. Representative, [D] Massachusetts
SUSPEND. I NOW MOVE WE SEND TO THE SENATE TITLE II COMPLETED. IS THERE ANY DISCUSSION? I WITHHOLD ON THAT AND LET ME GO BACK TO THE GENTLEMAN FROM...
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| 00:00:43 |
Waters, Maxine - U.S. Representative, [D] California
I AGREE WITH CHAIRMAN DODD THAT THE GENTLEMAN FROM CALIFORNIA HAS DONE A WONDERFUL JOB WORKING ON THIS ISSUE. ONE THING HE RECOGNIZED IS THAT THE S.E.C....
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| 00:03:12 |
Dodd, Christopher "Chris" J. - U.S. Senator, [D] Connecticut
IS RAISED ABOUT THE TAIL FOR LEGITIMATE ISSUES. MAY WE HAVE A STUDY ON THE TAIL PROPOSAL? THE S.E.C. SORT OF LIKED THE IDEA. I DON'T KNOW HOW IT WORKS....
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| 00:03:32 |
Frank, Barney - U.S. Representative, [D] Massachusetts
ENJOY BEING IN CHARGE OF -- YOU COULDN'T SELL YOUR STOCK UNLESS YOU SAID "MAY I" TO THE S.E.C. I WOULD AGREE WITH THAT. >> IF THE GENTLEMAN WOULD YIELD...
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| 00:03:44 |
Waters, Maxine - U.S. Representative, [D] California
THEY HAVE MOVED FORWARD ON THIS, AND THIS WOULD SET THEM BACK QUITE A BIT. IF YOU COULD FRAME SOMETHING -- >> WE COULD FRAME THE STUDY SO IT WOULD...
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| 00:03:57 |
Frank, Barney - U.S. Representative, [D] Massachusetts
FURTHER. I THINK WE ARE INCLINED TO SEND YOU BACK SOMETHING THAT HAS A HOLDING PERIOD BEFORE HAND. >> TWO YEARS. >> A HEAD, NOT A TAIL. AS TO THE RELATIVE...
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| 00:05:19 |
Schumer, Charles E. - U.S. Senator, [D] New York
ONE PARTY THAT HAS THAT PERCENT. IT'S THE AGGREGATE. IF CALSTERES LINKED
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| 00:05:29 |
Frank, Barney - U.S. Representative, [D] Massachusetts
UP WITH NEW YORK PENSION FUND. >> WE'LL HAVE TO SEND YOU SOMETHING. THERE IS AGREEMENT ON A TRIAL PERIOD AND THERE WILL BE SOME DISCUSSION ABOUT A MINIMUM...
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| 00:05:59 |
Waters, Maxine - U.S. Representative, [D] California
PERCENTAGE OF STOCK INTEREST FROM THE 19 PENSION FUNDS WITH OWNERSHIP OF AT&T, THOSE FUNDS WOULD ONLY TOTAL 2.64%. IT'S A BIG HURDLE. >> AGAIN, I THINK...
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| 00:06:12 |
Frank, Barney - U.S. Representative, [D] Massachusetts
ALTERNATIVE. LET US WORK ON THAT. >> I DON'T THINK THE NOTION WAS TO HAVE A STUDY TO DELAY EVERYTHING. IT WAS TO STUDY THE ISSUE OF THE TAPE, AS TO...
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| 00:06:28 |
Dodd, Christopher "Chris" J. - U.S. Senator, [D] Connecticut
VALUE. THAT WOULD HELP US CANDIDLY TRYING TO MOVE FORWARD ON THIS ISSUE. >> I THINK THAT IS FINE. YOU HAVE TO FRAME IT IN SUCH
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| 00:06:35 |
Waters, Maxine - U.S. Representative, [D] California
A WAY IT DOES NOT OPEN UP THE COMMENT PERIOD. >> I DON'T HAVE IN I PROBLEM WITH THAT. >> JUST ON THE TAIL
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| 00:06:56 |
Frank, Barney - U.S. Representative, [D] Massachusetts
ISSUE. >> LET ME PUT THIS ONE ASIDE AND MOVE NOW -- I MOVE THE HOUSE SEND A COMPLETED TITLE TO THE SENATE. I KNOW THERE WAS REQUEST FOR DEBATE. I RECOGNIZE...
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| 00:07:22 |
Bachus, Spencer - U.S. Representative, [R] Alabama
THE STUDY. I WOULD SUGGEST WE JUST, ONCE WE GET A FINAL TEXT ON THIS ENTIRE BILL THAT WE POSTPONE IT SIX MONTHS AND GET A STUDY ON THE WHOLE BILL....
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| 00:09:49 |
Frank, Barney - U.S. Representative, [D] Massachusetts
THE AMENDMENT WAS THE GENTLEMAN FROM TEXAS THAT WE ADOPTED THAT WOULD HAVE PUT FANNIE MAE AND FREDDIE MAC INTO THE FINANCIAL CATEGORIES. THE TAXPAYERS...
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| 00:10:14 |
Hensarling, Jeb - U.S. Representative, [R] Texas
I'M ENCOURAGED BY WHAT THE CHAIRMAN SAYS. HAVING THE SENATE DROP THIS LANGUAGE AND HAVING THE HOUSE RECEDE TO THE HOUSE POSITION, IT IS OUR RECOGNITION...
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| 00:13:20 |
Frank, Barney - U.S. Representative, [D] Massachusetts
WHATSOEVER. THIS ISN'T BASED ON HOPE. THE LAW SAYS IF WE PASS IT THAT ANY ENTITY GETS IN TROUBLE FAILED. IT DIED. THERE WILL BE NO MORE, AS THERE...
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| 00:15:17 |
Garrett, Scott - U.S. Representative, [R] New Jersey
THEY POTENTIALLY BE PAID OFF SOMETHING IN EXCESS OF THE ASSETS OF THE COMPANY. THE ANSWER IS
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| 00:15:31 |
Frank, Barney - U.S. Representative, [D] Massachusetts
QUESTION. IT IS POSSIBLE -- WE HAVE A DEBATE HERE. MEMBERS SAID THE LEHMAN BROTHERS BANKRUPTCY WITH NO ONE GETTING PAID WAS ONLY A PROBLEM BECAUSE OF...
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| 00:17:04 |
Royce, Edward "Ed" - U.S. Representative, [R] California
PERCEPTION IS THAT THE CREDITORS CAN BE BAILED OUT AT 100 CENTS ON THE DOLLAR BY THE FDIC, THE COUNTERPARTIES, THE CREDITORS, THE O.J. CAL INFLUENCE...
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| 00:17:52 |
Frank, Barney - U.S. Representative, [D] Massachusetts
SYSTEMICALLY INSIGNIFICANT UNLESS THAT IS ACCOMPANIED BY STRICTER RESTRICTIONS ON YOU. THE CREDITORS WILL BE TOLD THIS IS AN INSTITUTION IN TROUBLE....
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| 00:21:22 |
Dodd, Christopher "Chris" J. - U.S. Senator, [D] Connecticut
TIME. WE HOPE TO HAVE ONE SHORTLY HERE. GETTING DOWN TO SOME FINAL LANGUAGE. >> WE COULD BE
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| 00:21:35 |
Frank, Barney - U.S. Representative, [D] Massachusetts
LITERARY. IT'S COMING, ISN'T COMING, WHERE ARE THEY? >> WE COULD TALK ABOUT GSEs FOR A WHILE. >> WOULD THE GENTLEMAN YIELD? >> NO. >>> YOU ARE WATCHING...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.