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House Proceeding on May 20th, 2009 :: 0:45:50 to 0:47:55
Total video length: 2 hours 3 minutes Stream Tools: Stream Overview | Edit Time

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Pete Sessions

0:45:46 to 0:46:07( Edit History Discussion )

Pete Sessions: everything we can to ensure that these invaluable resources are protected for future generations and i strongly urge my colleagues to vote against that amendment in this bill. i yield back t time. . the speaker pro tempore: the gentleman from texas. mr. session: mr. speaker, we spoke just a minute ago about

Pete Sessions

0:45:50 to 0:47:55( Edit History Discussion )
Speech By: Pete Sessions

Pete Sessions

0:46:08 to 0:46:29( Edit History Discussion )

Pete Sessions: how banks that accepted these tarp funds and acc because it was necessary at the time to ensure the financial success of the banking system, and yet now here we are a few months later and the banks have undergone their stress test. the banks understand more about the risk that is out there.

Pete Sessions

0:46:30 to 0:46:50( Edit History Discussion )

Pete Sessions: and yet even as companies like j.p. morgan chase want to refund $45 billion or give it back to the government, the government's balking at them doing that. the reason why is that this article in bloomberg.com states is because the government has a

Pete Sessions

0:46:51 to 0:47:11( Edit History Discussion )

Pete Sessions: methodology that they want to follow which would cause banks to be in a different position because -- in other words not run their business the way they want, because government wants to tell them what the rules and regulations would be. and it appears as though that that's what this treasury department wants to do. that they have delayed banks

Pete Sessions

0:47:12 to 0:47:33( Edit History Discussion )

Pete Sessions: paying back the money so that they can then put rules and regulations industrywide on anyone that took this money. mr. speaker, what should happen is we should have a treasury department that eagerly, gleefully wants to get back money that was given to them on

Pete Sessions

0:47:34 to 0:47:54( Edit History Discussion )

Pete Sessions: behalf of the taxpaye instead what happens is we have a treasury department that is delaying this. that is making it i believe more difficult all under the guise of trying to make sure that they get what they want. and that is extracting more rules and rulations on these banks. i think that the treasury department should respond back

Pete Sessions

0:47:55 to 0:47:56( Edit History Discussion )

Pete Sessions: to our letter.

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