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House Proceeding 09-29-08 on Sep 29th, 2008 :: 0:10:24 to 0:13:14
Total video length: 1 hours 32 minutes Stream Tools: Stream Overview | Edit Time

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Michelle Marie Bachmann

0:08:19 to 0:10:24( Edit History Discussion )
Speech By: Michelle Marie Bachmann

Michelle Marie Bachmann

0:10:08 to 0:10:24( Edit History Discussion )

Michelle Marie Bachmann: us together, the gentleman from illinois, mr. emanuel. the speaker pro tempore: the gentleman from illinois is recognized for two minutes. mr. emanuel: there have been a number of important lessons

Rahm Emanuel

0:10:24 to 0:10:41( Edit History Discussion )

Rahm Emanuel: learned this last year. you can't have a found on the on a weakened middled class. the last seven years they have seen incomes declined -- decline and costs go up.o they are working harder, making less,

Rahm Emanuel

0:10:24 to 0:13:14( Edit History Discussion )
Speech By: Rahm Emanuel

Rahm Emanuel

0:10:41 to 0:10:51( Edit History Discussion )

Rahm Emanuel: and paying more to maintain their standard of living. and seco nd, that this problem is not an earthquake, it's not a natural disaster. it's man made disaster. one in which a philosophy of

Rahm Emanuel

0:10:51 to 0:11:06( Edit History Discussion )

Rahm Emanuel: unregulation created that type of damage. i have come to the conclusion watching this crisis that capitalism is too important tmpo be left to capitalists alone. that the banks that are surviving

Rahm Emanuel

0:11:06 to 0:11:21( Edit History Discussion )

Rahm Emanuel: are the only ones regulated. the unregulated are the ones going under. people have figured out this proble m. the financial industry created things they don't themselves know what the valueow are.

Rahm Emanuel

0:11:21 to 0:11:34( Edit History Discussion )

Rahm Emanuel: people were buying homes that were being flipped like -- as if they were pancakes. and the regulators supposed to be policing this were asleep at the switch and they are angry at all three

Rahm Emanuel

0:11:34 to 0:11:46( Edit History Discussion )

Rahm Emanuel: and they have every right to be. the substance of this legislation has been improved. because last saturday the treasury department senten a bill to calm the markets down. what congress did in the

Rahm Emanuel

0:11:46 to 0:11:59( Edit History Discussion )

Rahm Emanuel: last -- remaining seven days is put in there protections for the taxpayers. it had nothing to start with as it related to the taxpayers. the last seven days was to make sure that the public markets

Rahm Emanuel

0:11:59 to 0:12:14( Edit History Discussion )

Rahm Emanuel: were as protected as the financial markets were calmed. we have made dramatic improvements in this legislation. make no doubts about it, while this may try to avert the recession in the financial

Rahm Emanuel

0:12:14 to 0:12:26( Edit History Discussion )

Rahm Emanuel: sector, our job is not done until we avert the recession on main street. that we once again get a growth in jobs. we once again get a growth in median household incomes. can i have an additional

Rahm Emanuel

0:12:26 to 0:12:39( Edit History Discussion )

Rahm Emanuel: -- chairman frank, an additional 20 seconds. mr. frank: 20 seconds. mr. emanuel: until we deal with the standard of living of the middle class and return the foundations of this economy to a middle

Rahm Emanuel

0:12:39 to 0:12:50( Edit History Discussion )

Rahm Emanuel: class that is strong, we will never have a healthy economy. we are doing what is responsible putting out this fire. make no doubts about it. the remaining days are to also figu re out who created

Rahm Emanuel

0:12:50 to 0:13:01( Edit History Discussion )

Rahm Emanuel: the fire and make sure that thatarsonnist is put into jail. i yield the remainder of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from

Rahm Emanuel

0:13:01 to 0:13:14( Edit History Discussion )

Rahm Emanuel: alabama. mr. b achus: i yield one minute to mr. english, the gentleman from south carolina. the speaker pro tempore: the gentleman from south carolina is recognized for one minute. mr. english: i

Bob Inglis

0:13:14 to 0:13:31( Edit History Discussion )

Bob Inglis: thank the gentleman for yielding. the question before us is this -- mr. inglis: i thank the the gentleman nor yield. the question before suss this, should we buy these ill liquid securities?

Bob Inglis

0:13:14 to 0:14:52( Edit History Discussion )
Speech By: Bob Inglis

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