House Proceeding on Oct 2nd, 2008 :: 0:20:55 to 0:23:10
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Speech By: Ed Perlmutter

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Ed Perlmutter: the fdic as we did in the 1980's to resolve thousands of problemmed institutions. in those days we had over $100 billion worth of resolution costing $1.8 billion to the insurance fund, not the

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Ed Perlmutter: taxpayer. we need to use the security and exchange commission to work with our banks and how they account for the real estate on their books, not with false indexes and arbitrary measures

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Ed Perlmutter: but rather to true value. that would unlock billions of dollars, $500 billion in the system today and would ease interbank lending. let's use the right medicine, not a band-aid as our deficit explodes

0:22:18 to 0:22:32( Edit History Discussion )

Dennis J. Kucinich: even more and the value of the dollar declines more. let's have the courage and wisdom to do what's right. the speaker pro tempore: for what purpose does the gentleman from california

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Speech By: Dennis J. Kucinich

Against Bailout

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Dennis J. Kucinich: rise? >> mr. speaker, request permission to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, so ordered. mr. campbell: after

0:22:45 to 0:22:59( Edit History Discussion )

Dennis J. Kucinich: the house rejected and defeated the economic recovery bill in the stock market americans lost over $1 trillion. they lost over $1 trillion in their savings and their invest ments and in their

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Dennis J. Kucinich: retirement accounts. if we do not act that will just be the beginning. they would have been better off if we took the $700 billion in that bill and threw it into there potomac. this bill takes that