Video archive of the US Congress

Senate Proceeding on Jul 22nd, 2010 :: 5:36:00 to 5:38:05
Total video length: 13 hours 35 minutes Stream Tools: Stream Overview | Edit Time

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Olympia Snowe

5:35:56 to 5:36:16( Edit History Discussion )

Olympia Snowe: opposed, we're getting a good ount of support for it. does she believe she could then vote for the bill? the presiding officer: the senator from maine. ms. snowe: mr. president, first of all, i hope that we could offer other amendments as well in addition to this. i think that that is critically important first and foremost.

Olympia Snowe

5:36:00 to 5:38:05( Edit History Discussion )
Speech By: Olympia Snowe

Olympia Snowe

5:36:17 to 5:36:37( Edit History Discussion )

Olympia Snowe: and like you've had the opportunity to offer an amendment and i hope that on our side of the aisle that they will have the ability an prerogative -- and prerogative to offer amendments as well. we'll look at the end of the day. the senator from louisiana feels very strongly about this amendment.

Olympia Snowe

5:36:38 to 5:36:58( Edit History Discussion )

Olympia Snowe: obviously i have some deep concerns and i certainly hope to support this -- this legislation without this amendment, but if it's the will of the senate, then obviously i will continue to support that and we can continue to move forward. i think it is critically important with respect to this

Olympia Snowe

5:36:59 to 5:37:19( Edit History Discussion )

Olympia Snowe: particular initiative that a number of these issues have to be addressed. mean i think in the final analysis when we were talking about $30 billion, we can't do that lightly and it certainly there are a number of issues that have been raised, the ones

Olympia Snowe

5:37:20 to 5:37:40( Edit History Discussion )

Olympia Snowe: that i raised here today that clearly would have to be resolved in my estimation. so i think from that standpoint i would have considerable concerns. you know, if it were left to the united states senate in that -- in that manner. because it -- it raises the cost

Olympia Snowe

5:37:41 to 5:38:02( Edit History Discussion )

Olympia Snowe: i think to the taxpayers indisputably. secondly, as to whether or not it's going to create risky behavior on the part of banks that are assuming this legislation and if it does add costs to the taxpayers then obviously we have to think about that very carefulfully. because as you -- carefully. because, as you know, it does raise $1.1 billion at least

Olympia Snowe

5:38:03 to 5:38:05( Edit History Discussion )

Olympia Snowe: according to your projections.

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