Video archive of the US Congress

Senate Proceeding 05-13-10 on May 13th, 2010 :: 0:46:40 to 0:49:00
Total video length: 6 hours 15 minutes Stream Tools: Stream Overview | Edit Time

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Bob Corker

0:46:28 to 0:46:48( Edit History Discussion )

Bob Corker: i would urge the rejection the session amendment and i say that respectfully, mr. president, to my good friend. i yield back the balance of my time. the presiding officer: the question is on the amendment -- mr. corker: would the senator yield a couple of minutes over here. i know we're under time anyway.

Bob Corker

0:46:40 to 0:49:00( Edit History Discussion )
Speech By: Bob Corker

Bob Corker

0:46:49 to 0:47:11( Edit History Discussion )

Bob Corker: mr. dodd: fine. go go ahead. i'll ask for unanimous consent to consider yielding back my time, let me yield two minutes to my friend from tennessee. the presiding officer: the senator from tennessee. mr. corker: i thank you. i know i've spent a great deal of time on the floor. i think the senator from connecticut, first of all, i want to thank you for the work

Bob Corker

0:47:12 to 0:47:33( Edit History Discussion )

Bob Corker: you did to make the title resolution better. i know afterou and senator shelby finished, i thank you and expressed concern that many of the judicial reviews that i felt like were important were not included and, yet, the bill was better and i thank you for that. i realize, as i said that day on the floor, nothing ever works out exactly the way you wish.

Bob Corker

0:47:34 to 0:47:54( Edit History Discussion )

Bob Corker: is this -- this bill isn't going to be exactly the way you wish. we're going to pass a bill that, to me, is going to be incomplete. one of the things that all of us, including you, would hope that would he could cure is that the judiciary committee would work on a title that would mak the resolution title much less necessary because it would

Bob Corker

0:47:55 to 0:48:16( Edit History Discussion )

Bob Corker: enhance the ability to deal with these complex financial companies. that has not happened. and so i know we haven't dealt with freddie and fannie in this bill. i know yould have liked to have dealt with that. you're not -- you're going to be leaving this body and after a distinguished career here. but i think what we're trying to say is that, look, we still have work to do.

Bob Corker

0:48:17 to 0:48:37( Edit History Discussion )

Bob Corker: the judiciary committee has got to develop a better bankruptcy title for financial companies. and i think all scholarsave said that's the case. i think that there's no question we have to deal with freddie and fannie. we will do that soon, i hope. but whatever -- i know the outcome of this. you know what the outcome of this is going to be.

Bob Corker

0:48:38 to 0:48:58( Edit History Discussion )

Bob Corker: i think there are a number of us that would just like to see us really focus on this bankruptcy title so what you just said is exactly right and that is resolution is only used rarely -- rarely, but right now the way the bankruptcy code is, it's going to be used in every case -- in every case one of

Bob Corker

0:48:59 to 0:49:01( Edit History Discussion )

Bob Corker: these -- when one of these large companies fails because we

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