Metavid

Video archive of the US Congress

Senate Proceeding on Mar 16th, 2009 :: 4:11:55 to 4:13:50
Total video length: 4 hours 27 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Download OptionsEmbed Video

Views:93 Duration: 0:01:55 Discussion

Previous speech: Next speech:

Johnny Isakson

4:11:55 to 4:12:17( Edit History Discussion )

Johnny Isakson: rule serve investor, the american banking industry, and the traders of america well. because it protected it from a dangerous thing from happening which happened last year. everyone in this room rembers the markets of last fall. we hit some unsettling time.

Johnny Isakson

4:11:55 to 4:13:50( Edit History Discussion )
Speech By: Johnny Isakson

Johnny Isakson

4:12:18 to 4:12:38( Edit History Discussion )

Johnny Isakson: we passed the bill. the markets began declining. i e-mailed chris cox, who was the -- who was in the chair that mrs. shapiro holds now, begging him to reinstate the uptick rule. they took a b suspended it for a few days and let it stay. what happened was hedge funds

Johnny Isakson

4:12:39 to 4:13:00( Edit History Discussion )

Johnny Isakson: and other traders coming in to cash in were -- were taking the downward spiral of stocksn banks and financial institutions in the country and making money off the demise a those stocks all because there was no protection that they couldn't feed off the downward spiral. the uptick actual, as -- rul

Johnny Isakson

4:13:01 to 4:13:23( Edit History Discussion )

Johnny Isakson: as well explained by the senator from delaware, provides a cushion to exploiting a dangerous market and make money at the expense of the american people. senator kaufman introduced a piece of legislation that is right for america, right for america's investors, continue is the right for our stock market as it still languishes today somewhere down where we hope is the bottom.

Johnny Isakson

4:13:24 to 4:13:44( Edit History Discussion )

Johnny Isakson: one way to ensure that bottom exists is to stop rewarding those who would feed off of it and reinstate good discipline that ensures good practices that allows the market to restore itself back it a good equilibrium. i commend senator kaufman on the interducks of this legislation. -- introduction of this legislation.

Johnny Isakson

4:13:45 to 4:13:52( Edit History Discussion )

Johnny Isakson: i'm honored that he asked me to co-sponsor it. i hope that the senate will deal with it not in the interest of

Personal tools

MetaVid is a non-profit project of UC Santa Cruz and the Sunlight Foundation. Learn more About MetaVid

The C-SPAN logo and other servicemarks that may be found in video content are the property of their respective trademark holders. None of these trademark holders are affiliated with Metavid