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Senate Proceeding 05-19-10 on May 19th, 2010 :: 2:51:50 to 2:53:10
Total video length: 5 hours 12 minutes Stream Tools: Stream Overview | Edit Time

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Johnny Isakson

2:51:27 to 2:51:50( Edit History Discussion )

Johnny Isakson: problem that led to where we are today. but you know, it's always the best is the enemy of the good around here, and we have a good wall street reform bill that moves in the right direction to avoid some of the abuses there and to arguehat it doesn't include fannie mae and freddie mac and, therefore, we can't support it, i think perhaps we have a different point of view. i think this is a valuable thing

Johnny Isakson

2:51:50 to 2:53:10( Edit History Discussion )
Speech By: Johnny Isakson

Johnny Isakson

2:51:51 to 2:52:13( Edit History Discussion )

Johnny Isakson: to do and move forward, and i will conde your point. i think you're right in what you say, i say to the senator from georgia. mr. isakson: if the gentleman will yield? i appreciate the comment and that was the main point i wanted to make. when i was listening to the gentleman's speech, i, first of all, got a little irritated and then i realized i probably have done the same thing before too. i leaped at the point i wanted

Johnny Isakson

2:52:14 to 2:52:34( Edit History Discussion )

Johnny Isakson: to make and leaped over some facts. and the fact that freddie mac and fannie mae, a the fact that we, the congress of the united states, directed freddie and fannie to own a percentage of their portfolio is the capital that bought the first securities that created the subprime securities. i do not argue there are not good things in this bill.

Johnny Isakson

2:52:35 to 2:52:56( Edit History Discussion )

Johnny Isakson: in fact, when the gentleman was referring to liar loans, as we call them in the industry at the time they existed, it was the isakson-landrieu amendment that we successfully added to this bill that defined what a qualified loan is to be exempt from risk potential because it requires -- it requires income verification. it requires an employer

Johnny Isakson

2:52:57 to 2:53:10( Edit History Discussion )

Johnny Isakson: statement if the employee is hired. it requires an income ratio sufficient to retire debt that's borrowed. i agree exactly with the gentleman and what he said. my point was that when all of us make these remarks of what bills are and they are not, we ought to include all the facts that

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