Video archive of the US Congress

Senate Proceeding on Jul 22nd, 2010 :: 8:40:35 to 8:42:35
Total video length: 13 hours 35 minutes Stream Tools: Stream Overview | Edit Time

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Bob Corker

8:40:35 to 8:40:55( Edit History Discussion )

Bob Corker: different than it was, but i don't think we need to go down that path again. mr. corker: will the senator yield? mr. thune: sure. mr. corker: sure, elizabeth warren is a smart person. there are things that i agree with her on, there are things that i disagree with her on, but on that point, i absolutely agree. if you think about the moral hazard issue, that means that an

Bob Corker

8:40:35 to 8:42:35( Edit History Discussion )
Speech By: Bob Corker

Bob Corker

8:40:56 to 8:41:17( Edit History Discussion )

Bob Corker: institution in our country, in south dakota or tennessee that really wants to run its business the way america generally has run business on their own, they don't want to be involved in government support, they would be at a disadvantage. i mean, that's the other moral hazard, right? an institution in tennessee or south dakota that wants to go out and lend more money to small

Bob Corker

8:41:18 to 8:41:38( Edit History Discussion )

Bob Corker: business a goes out and raises equity to do that equity is going to cost more than so a bank that chooses to take advantage of a -- quote -- "government program" actually has an advantage over a company that really wants to run itself the way most americans want to see small business run.

Bob Corker

8:41:39 to 8:41:59( Edit History Discussion )

Bob Corker: i think there is all kinds of moral hazards in this. again, i know the notion of small business attracts a lot of people. i just hope that people on both sides of the aisle will think about insidious about the next idea that comes after this. again, with another government

Bob Corker

8:42:00 to 8:42:23( Edit History Discussion )

Bob Corker: investment into the private sector. i mean, we have gone from systemic risk to auto companies to suppliers of auto companies, and now we're looking at going into small business. i jus gone the gamut here. it's time to go the other way. i think the americans have -- in

Bob Corker

8:42:24 to 8:42:36( Edit History Discussion )

Bob Corker: my tennesseans have spoken loudly about the fact they don't want to see more government involvement in the private sector. it's we thought we had it killed last week with financial regulation when tarp e

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