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Video archive of the US Congress

Senate Proceeding 05-05-09 on May 5th, 2009 :: 3:20:55 to 3:22:10
Total video length: 5 hours 20 minutes Stream Tools: Stream Overview | Edit Time

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Jim DeMint

3:20:53 to 3:21:13( Edit History Discussion )

Jim DeMint: funds to common equity. millions of americans are telling us enough is enough. we were told the tarp money would be used one way. it has not been used that way. it has been used for loans. we can't threat go any further to let these go any further to let these loans convert to common stock, which means government -- the presiding officer: the senate will come to order. mr. demint: i would just urge

Jim DeMint

3:20:55 to 3:22:10( Edit History Discussion )
Speech By: Jim DeMint

Jim DeMint

3:21:14 to 3:21:36( Edit History Discussion )

Jim DeMint: my colleagues to support at least some firewall between what the federal government does and the private sector. we did not approve tarp funds so that the government could become common equity shareholders in banks all across the country. let's let them give this back when they're capitalized. but let's don't get the government in the business of owning banks.

Jim DeMint

3:21:37 to 3:21:58( Edit History Discussion )

Jim DeMint: my amendment would prohibit the conversion of these loans to common i support t. mr. dodd: mr. president? senator from connecticut. mr. dodd: very briefly, let me thank my colleague from south carolina. the reason i posed thi amendment is because we ought to have the flexibility. it's not a maintained. today the treasury has the right

Jim DeMint

3:21:59 to 3:22:11( Edit History Discussion )

Jim DeMint: to be able shares to common shares. there's a reason for thasm the markemarkets shares. if you're trying get

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