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Senate Proceeding on Apr 22nd, 2009 :: 0:03:40 to 0:06:20
Total video length: 8 hours 42 minutes Stream Tools: Stream Overview | Edit Time

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Mitch McConnell

0:03:36 to 0:03:56( Edit History Discussion )

Mitch McConnell: quickly and doesn't like the bill to try to change it in any way they feel appropriate. mr. mcconnell: mr. president? the presiding officer: the republican leader is recognized. mr. mcconnell: mr. president, last fall many of us in congress weren't all that excited about rescuing financial firms from

Mitch McConnell

0:03:40 to 0:06:20( Edit History Discussion )
Speech By: Mitch McConnell

Mitch McConnell

0:03:57 to 0:04:17( Edit History Discussion )

Mitch McConnell: problems brought about themselves. but we need precisely to protect ordinary americans fro mistakes these firms had made. at the time republicans insisted on strong taxpayer and none of us had any doubt

Mitch McConnell

0:04:18 to 0:04:38( Edit History Discussion )

Mitch McConnell: that once these banks were healthy they would pay the money back to the taxpayers who gave it to them. let me say t none of us had any doubt that once the banks were healthy to the taxpayers. in fact, many of my colleagues on this side of the aisle only supported the bill b representations that were made

Mitch McConnell

0:04:39 to 0:05:01( Edit History Discussion )

Mitch McConnell: that we w government would recoup the money. now we're hearing a different story. a number of the firms that taxpayers helped out last fall are now on the road to recovery and want to pay back their loans. unfortunately, treasury doesn't seem to want to take the money. let me say that again. these firms are getting healthy.

Mitch McConnell

0:05:02 to 0:05:22( Edit History Discussion )

Mitch McConnell: they want to pay and treasury doesn't seem to want to take the money. this wasn't the original plan, and it just doesn't seem right to most people. if a bank wants to pay the taxpayers back -- if a bank wants to pay the taxpayers back, the government shouldn't block the just as troubling is the new

Mitch McConnell

0:05:23 to 0:05:46( Edit History Discussion )

Mitch McConnell: report by the special general who is overseeing all of the financial rescue programs. it aeges the same kind of fraud that we warned about in october, including about 20 preliminary and full criminal investigations for everything range tpr-g securities fraud --

Mitch McConnell

0:05:47 to 0:06:08( Edit History Discussion )

Mitch McConnell: ranging from securities fraud to public corruption relating to the $700 blion in rescue funds. all of this is a major wakeup call. the government needs to root out the fraud now. as these programs expand, so will the potential for a the treasury department also

Mitch McConnell

0:06:09 to 0:06:21( Edit History Discussion )

Mitch McConnell: needs to let these banks extract themselves from government control as soon as they want to. that was the original plan the american people signed on to, and they have a right to expect

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