Video archive of the US Congress

Senate Proceeding on May 13th, 2010 :: 3:32:15 to 3:33:25
Total video length: 3 hours 53 minutes Stream Tools: Stream Overview | Edit Time

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Maria Cantwell

3:31:57 to 3:32:17( Edit History Discussion )

Maria Cantwell: franken amendment. my measure goes further. my measure says we are going to write these rating agencies out of law. we should not reward bad behavior. there are other ways to determine creditworthiness. there is a two-year period to figure that out. this is not -- this is the better way to do this. it will solve this problem. these rating agencies were

Maria Cantwell

3:32:15 to 3:33:25( Edit History Discussion )
Speech By: Maria Cantwell

Maria Cantwell

3:32:18 to 3:32:38( Edit History Discussion )

Maria Cantwell: responsible for this debacle. madam president, mr. president, i'd like to give the remainder of my time to my colleague, senator cantwell. ms. cantwell: thank you, mr. president. the presiding officer: will the senate be in order, please. the senate will be in the senator from washington is recognized. ms. cantwell: thank you, mr. president. this is language that was also offered in the house bill by our

Maria Cantwell

3:32:39 to 3:33:01( Edit History Discussion )

Maria Cantwell: colleague, barney frank, and it's appropriate that we don't require our federal agencies to just rely on these rating agencies. it's critical that these agencies like the fdic and the comptroller of the currency use their discretion to come up with appropriate standards of creditworthiness and not rely on the monopoly of the rating agencies. so i hope my colleagues will

Maria Cantwell

3:33:02 to 3:33:22( Edit History Discussion )

Maria Cantwell: support this amendment. the presiding officer: who yields time in opposition? mr. dodd: briefly, my conce with this amendment is we're replacing it without having anything in its place. very simply, that's my concern with it.

Maria Cantwell

3:33:23 to 3:33:35( Edit History Discussion )

Maria Cantwell: i urge my colleagues to vote no and yield back my the presiding officer: the

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