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Senate Proceeding on Apr 15th, 2010 :: 4:40:30 to 4:43:59
Total video length: 9 hours 55 minutes Stream Tools: Stream Overview | Edit Time

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Barbara Boxer

4:40:09 to 4:40:31( Edit History Discussion )

Barbara Boxer: be used is to bail out -- rather, unwind that institution if it gets that that mrs. boxer: and further, if i could say, my understanding is, if an institution gets in trouble, if to go down. they're just going to go theye not going to be revived. and i would say to my friend, because he's an expert on this -- and years ago i was on

Barbara Boxer

4:40:30 to 4:43:59( Edit History Discussion )
Speech By: Barbara Boxer

Barbara Boxer

4:40:32 to 4:40:52( Edit History Discussion )

Barbara Boxer: banking committee there. i want to make sure i understand if i'm right on this. i think the american people have appreciated the fdic over the years, because the fdic was another kept out o a problem because it's an insurance fund.

Barbara Boxer

4:40:53 to 4:41:17( Edit History Discussion )

Barbara Boxer: the banks are taxed, and they put the money into the fund, and if there is in fact a bankruptcy, you're covered, your deposit is covered -- right n i think it is up to $250,000, am i correct? mr. dodd: correct mrs. boxer: so notion has worked very well. but in closing, because i don't want to interrupt, you know, the speech of my friend, because i

Barbara Boxer

4:41:18 to 4:41:39( Edit History Discussion )

Barbara Boxer: think to me suddenly there's been a huge had, as you point out, i say to my friend from bipartisan support. if in fact the republicans came up with the idea to have a fee

Barbara Boxer

4:41:40 to 4:42:01( Edit History Discussion )

Barbara Boxer: on the the taxpayers, so that we have no bailouts, and now after meeting with the banks it feels like to me -- and these big institutions -- they've turned on their own idea. but they're that is the oppositef what they now want to do because, as i understand it -- tell me if

Barbara Boxer

4:42:02 to 4:42:22( Edit History Discussion )

Barbara Boxer: i'm right -- if we keep the status quo and do nothing -- which is again their idea now -- we're in trouble because weaw what happens when these big institutions get istrubl trouble. main street starts to hurt. and we have seen millions of job losses due to that horrible time

Barbara Boxer

4:42:23 to 4:42:44( Edit History Discussion )

Barbara Boxer: we wen through. so i want to commend my friend and just urge him, if come here every day -- and i'll be glad to come over here as well -- to explain to the american people the truth. i'm so tired of politics obscuring the truth. and we need to put an d to it. we're not perfect. the other party is not perfect.

Barbara Boxer

4:42:45 to 4:43:05( Edit History Discussion )

Barbara Boxer: no one is perfect. we don't have the ideas going to save every -- cure every problem. but we know one thing from this cris: we had to turn to taxpayers. what a nightmare. thank goodness, those funds are being repaid. we're still out some funds. but the vast majority of those funds are repaivmtd but we're

Barbara Boxer

4:43:06 to 4:43:26( Edit History Discussion )

Barbara Boxer: not going -- but the vas majority of those funds are repaid. but we're not going to go through that again. i would never vote, and i say that right those huge instituti i won't do t so therefore let's put something into place where they pay into a fund so if there

Barbara Boxer

4:43:27 to 4:43:47( Edit History Discussion )

Barbara Boxer: is a problem in the future and they're going bust, we'll wind them down and we'll wind them out on their dollar. and i just hope you'll keep saying that because, you know, i don't mind getting in a debate with the other side. as a matter of f there are great differences between the two parties which makes our we all appeal to different people in the country. it's good for stability of a

Barbara Boxer

4:43:48 to 4:44:00( Edit History Discussion )

Barbara Boxer: nation. but false debate. let's not come here with made-up arguments, because that only hurts the debate.

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