Video archive of the US Congress

Senate Proceeding on Apr 22nd, 2009 :: 6:15:40 to 6:17:25
Total video length: 8 hours 42 minutes Stream Tools: Stream Overview | Edit Time

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Johnny Isakson

6:15:39 to 6:15:59( Edit History Discussion )

Johnny Isakson: without talking about the select committee as a pro or a con, i just want to say why i didn't go that route in this legislation. we are part -- we are part of what needs to be scrutinized, the united states senate. we are part of what needs to be seen. if we left this just strictly to a select committee, it would

Johnny Isakson

6:15:40 to 6:17:25( Edit History Discussion )
Speech By: Johnny Isakson

Johnny Isakson

6:16:00 to 6:16:22( Edit History Discussion )

Johnny Isakson: kind of be board of directors to tell us what went wrong with a.i.g. it wouldn't be a good evaluation. it wouldn't be objective. what senator conrad and i have of legislation on that no one could say is partisan, that no one could say is objective, tha gives subpoena power to individuals who have the credibility, the knowledge, and the past experience to

Johnny Isakson

6:16:23 to 6:16:45( Edit History Discussion )

Johnny Isakson: evaluate the highly technical derivatives, the highly technical hedge funds, the highly technical rules of trading on the securities and exchange commission. we may need a select committee for oversight if our committees can't do oversight. but we do not need a select committee to investigate the collapse that has happened. we need an independent body, independent of this body. we need them to have the power and the funds necessary to g

Johnny Isakson

6:16:46 to 6:17:06( Edit History Discussion )

Johnny Isakson: the answers to the problems so we can objectively say we exposed ourselves to the same scrutiny we wish to expose everybody else to. we have the recommendations of what went wrong, who might have done wrong and if there was criminal acts on somebody's part, rerrals to the justice department. this is a clean, targeted, bipartisan, specific approach to

Johnny Isakson

6:17:07 to 6:17:29( Edit History Discussion )

Johnny Isakson: addrs the number-one financial problem the american people are facing today. and that is the collapse of the savings and the retirement and the college education funds of millions of americans. and i appreciate the senator from north of it, but i want to make sure we understand that a select committee would be no substitute for this independent commission at this time.

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