Senate Proceeding on May 14th, 2009 :: 2:29:10 to 2:30:50
Total video length: 9 hours 49 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Views:81 Duration: 0:01:40 Discussion

Previous speech:

Next speech:

2:28:55 to 2:29:15( Edit History Discussion )

Richard Shelby: monica fight and mr. shelby: i associate myself with some of the remarks that my colleague, the chairman of the committee, senator dodd, has just spoken on. one, we have, what we think the dodd-shelby substitute is a step in the right direction, a step

2:29:10 to 2:30:50( Edit History Discussion )
Speech By: Richard Shelby

2:29:16 to 2:29:38( Edit History Discussion )

Richard Shelby: in the right direction for consumers; a step in the right direction to bring balance to this, the credit card is it everything i wrote want fr no. but it's not everything that senator dodd and some of the democrats would want. but we have worked together to forge and put a lot of thought and a lot of work.

2:29:39 to 2:30:00( Edit History Discussion )

Richard Shelby: our staffs have worked days, nights on this. and we're close, we could pass this bill today if we could bring a few more together. i think this is, this is a milestone as far as protecting consumers, informing consumers, letting them know, and also give some balance as i

2:30:01 to 2:30:22( Edit History Discussion )

Richard Shelby: said, you can't take risk out of the marketplace; you've get to price risk when you make loans. and we have some of that in here but we have great reforms in here that i think that we can live with. but, you know, some people don't want a bill on both sides or the others want something that's probably not achievable,

2:30:23 to 2:30:43( Edit History Discussion )

Richard Shelby: probably not good for economy, not good for the american people. one thing we have to rember, the credit card business, it does extend cre credit to some extent to people that that's their only credit. but this bill will at least let them know a lot of the terms up front.

2:30:44 to 2:30:50( Edit History Discussion )

Richard Shelby: it will let them know what they're paying and so forth. d it's a step in the right direction. and i hope we can pass that bill.