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Senate Proceeding on Apr 28th, 2010 :: 9:48:25 to 9:55:00
Total video length: 9 hours 55 minutes Stream Tools: Stream Overview | Edit Time

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Barbara Boxer

9:48:25 to 9:48:45( Edit History Discussion )

Barbara Boxer: doubt, i propose an amendment to senator dodd which he is in agreement with and the president's people are in agreement with to make it clear that failing firms cannot be bailed out. and it's just very, very clear because it says it in this amendment. cannot keep a company alive, cannot keep it on life support,

Barbara Boxer

9:48:25 to 9:55:00( Edit History Discussion )
Speech By: Barbara Boxer

Barbara Boxer

9:48:46 to 9:49:07( Edit History Discussion )

Barbara Boxer: cannot stop it from failing, and when it's liquidated, the cost of that liquidation will be paid for by wall street firms. now, i'm excited about the fact that we're finally moving to this bill. by the way, the last sentence in the boxer amendment, it's very short.

Barbara Boxer

9:49:08 to 9:49:30( Edit History Discussion )

Barbara Boxer: it's on this page. taxpayers shall bear no losses from the exercise of any authority under this title. so if anyone says to you that this bill isn't clear, i -- i just have to say they're making it up because it's very, very clear. senator dodd would neverave accepted this amendment if it wasn't in concert with the bill.

Barbara Boxer

9:49:31 to 9:49:52( Edit History Discussion )

Barbara Boxer: now, again, i know that many colleagues hav ideas for changing the bill. that's why we're here. my republican friends decided not to make any amendments in the committee so this is their opportunity to do so, and i'm looking forward to seeing their ideas. i really -- i say that with sincerity. a lot of republican amendments were included in the health care

Barbara Boxer

9:49:53 to 9:50:13( Edit History Discussion )

Barbara Boxer: bill, and that's good. we want to see some of their ideas to strengthen this bill, because as senator dodd has said many times, no senator has a corner on all wisdom. we have to work together. we can get our best ideas by working together. and i'm going to w anyone on either side of the aisle w has the goal of

Barbara Boxer

9:50:14 to 9:50:34( Edit History Discussion )

Barbara Boxer: protecting american taxpayers and has the goal of protecting the american economy from a future crisis. i'm going to be voting for a couple of colleagues' amendments to really strengthen this bill, and i'm really looking forward to that. but let's not oppose this bill

Barbara Boxer

9:50:35 to 9:50:55( Edit History Discussion )

Barbara Boxer: on the grounds that to do nothing is better because clearly to do nothing leads -- would lead us right back to this road of getting up in the morning and shaking in our boo about what's happening with unemployment with the loss of our pension funds.

Barbara Boxer

9:50:56 to 9:51:17( Edit History Discussion )

Barbara Boxer: it's really extraordinary to go back just to 2007. it's not that long ago when this all started. and to never having it happen again. so the time is now for wall street reform. i am very pleased that there is a change of heart onhe other side. i cannot tell you. i had -- i was ready to spend

Barbara Boxer

9:51:18 to 9:51:38( Edit History Discussion )

Barbara Boxer: the evening here and i'm really happy that i can actually go home to my family tonight and -- as colleagues' company, i think i would prefer to be with my family, with my grandkids, my husband is here visiting, and not have to spend the night here. but i was prepared. i would be prepared to spend the weekend, to spend whatever it

Barbara Boxer

9:51:39 to 9:52:02( Edit History Discussion )

Barbara Boxer: takes here because once in a while an opportunity like this for reform comes along. it came along with health care. it's coming along now. we are in an era of reform, and we have to just keep doing it. i'll tell you the reap. it's all expressed right here. we know what happens if we keep this going the way it's going. deregulation on steroids didn't work.

Barbara Boxer

9:52:03 to 9:52:24( Edit History Discussion )

Barbara Boxer: we need sensible regulations, sensib rules of the road. we want everyone to prosper, but we don't want to see gambling lead to the pain and suffering that is still going on throughout this country. so thank you very much, mr. president.

Barbara Boxer

9:52:25 to 9:52:47( Edit History Discussion )

Barbara Boxer: i yield the floor and i note -- and rather than note the absence of a quorum, i ask unanimous consent that on tomorrow, following the recognition of senator lincoln, senator chambliss be recognized for up to 20 minutes. the presiding officer: without objection. mrs. boxer: mr. president, i ask unanimous consent that the senate proceed to the immediate consideration of calendar number

Barbara Boxer

9:52:48 to 9:53:11( Edit History Discussion )

Barbara Boxer: 359, h.r. 5146, an act to prohibit a cost of living adstment for members of congress in 2011, an act that is identical to s. 3244, which passed the senate on april 22. that the bill be read three times, passed, and the motion to reconsider be laid upon the table with any statements relating to the bill appearing at the appropriate place in the record as if read. the presiding officer: without

Barbara Boxer

9:53:12 to 9:53:33( Edit History Discussion )

Barbara Boxer: objection, so ordered. mrs. boxer: i ask unanimous consent, mr. president, that the senate proceed to the immediate consideration of h.r. 5147 received from the house the desk. the presiding officer: the clerk will report. the clerk: h.r. 5147, an act to amend the internal revenue code of 1986 to extend the funding and expenditure authority of the airport and airway trust fund,

Barbara Boxer

9:53:34 to 9:53:55( Edit History Discussion )

Barbara Boxer: and so forth and for other purposes. the presiding officer: is there objection to proceeding to the measure? without objection. mrs. boxer: mr. leader, i ask unanimous consent -- or mr. president, i ask unanimous consent that the bill be read three times, passed, and the motion to reconsider be laid on the table and any statements appear at this point in the

Barbara Boxer

9:53:56 to 9:54:17( Edit History Discussion )

Barbara Boxer: record as if read, with no intervening action. the presiding officer: without objection. mrs. boxer: mr. president, i ask unanimous consent that the senate now proceed to consideration of s. res. 504 which was today. the presiding officer: the clerk will report. the clerk: senate resolution 504, expressing the condolences of the senate to those affected

Barbara Boxer

9:54:18 to 9:54:39( Edit History Discussion )

Barbara Boxer: by the tragic events following the tornado that hit central mississippi on april 24, the presiding officer: is the objection to proceeding to the measure? without objection. mrs. boxer: mr. president, i ask unanimous consent that the resolution be agreed to, the preamble be agreed to, and the motion to reconsider upon the table. the presiding officer: without

Barbara Boxer

9:54:40 to 9:55:01( Edit History Discussion )

Barbara Boxer: objection. mrs. boxer: mr. president, i ask unanimous consent that when the senate completes its business today, it adjourn until 12:15 thursday, april 29. that following the prayer and the pledge, the journal of proceedings be approved to date, the morning hour be deemed expired, the time for the two leaders be reserved for their use later in the day, and the

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