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Video archive of the US Congress

Senate Proceeding on Apr 22nd, 2009 :: 4:57:15 to 5:00:20
Total video length: 8 hours 42 minutes Stream Tools: Stream Overview | Edit Time

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Johnny Isakson

4:57:15 to 4:57:35( Edit History Discussion )

Johnny Isakson: mr. president, in the last year, the people of the united states have seen the value of their homes decline, the value of their 529 savings accounts for their kids' college decline, their mute all funds, their investments -- their mutual funds, their investments in whatever category. the declines that started out to

Johnny Isakson

4:57:15 to 5:00:20( Edit History Discussion )
Speech By: Johnny Isakson

Johnny Isakson

4:57:36 to 4:57:56( Edit History Discussion )

Johnny Isakson: be a hiccup became colossal. we find ourselves in a position where we are deleveraging and deflating the united states of mecialg. america. there should be some answers. there's plenty of blame to go around. but we need some answers. we need sot guidance. we need to enshy sure that my grandchildren and my children and yours don't ever

Johnny Isakson

4:57:57 to 4:58:17( Edit History Discussion )

Johnny Isakson: the experiences we have gone through and we have shared with the american people in the last get an objective evaluation of what went wrong and where mistakes were made is to create an independent commission of recognized people of experience to look into the financial markets, the rating agencies,

Johnny Isakson

4:58:18 to 4:58:41( Edit History Discussion )

Johnny Isakson: freddie investment bankers, hedge fund operators, commodities traders, everybody, and fasb, and ask what went right, what went wrong. and what could we have done to prevent i have a lot of suggestions. ictd drop a lot of suggestions. transparency for hedge fund,

Johnny Isakson

4:58:42 to 4:59:03( Edit History Discussion )

Johnny Isakson: change who writes the security. but we really need a forensic audit of the laws of the united states as it relates to the financial markets, reserve and whatever aspeght so whatever did go wrong that could have gone wrong is avoided. this exphition designed to operate for 18 months, has a budget of $5 million and subpoena powers and is directed

Johnny Isakson

4:59:04 to 4:59:24( Edit History Discussion )

Johnny Isakson: to report back to the congress of the united states its fiengsdz. and it regard so that anybody who could have been a part of what happened in this financial collapse is subject to investigation, is subject to scrutiny and is subject to the sunshine has necessary to get answers. i think we owe it to the american people.

Johnny Isakson

4:59:25 to 4:59:45( Edit History Discussion )

Johnny Isakson: i know i owe it to my children and grandchildren and all the people that vote for out what went wrong and try and make it right. senator conrad has been diligent had his effort to help. he's made very constructive suggestions on the amendments to this legislation. jointly with him, we've worked with the banking committee members, the ranking member and the chairman, to try

Johnny Isakson

4:59:46 to 5:00:07( Edit History Discussion )

Johnny Isakson: incorporate the ideas of everyone but to make sure that we don't miss the mark, that we stay on focus, and we get what the american people deserve, and answethat's answers to what caused thcollapse, that brought about the

Johnny Isakson

5:00:08 to 5:00:20( Edit History Discussion )

Johnny Isakson: uncertainty we have today in the economy of the united states of america. so with that, i thank the distinguished senator from north dakota for his help. i than memb and i yield the floor. the presiding officer: the senator from

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