Senate Proceeding 03-25-09 on Mar 25th, 2009 :: 0:59:00 to 1:02:35
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0:58:56 to 0:59:19( Edit History Discussion )

Bob Corker: roadblocks so let's talk during the vote. ensurens i appreciate that. the presiding officer: the senator from ten. mr. corker: could i have permission to ask the senator from connecticut a question? mr. dodd: certainly. mr. corker: i stepped in after the dialogue that was taking

0:59:00 to 1:02:35( Edit History Discussion )
Speech By: Bob Corker

0:59:20 to 0:59:40( Edit History Discussion )

Bob Corker: place on the floor and my understanding is the crapo amendment part of an original bill you were very much a part of and led on is going to come up in an expeditious manner and i wonder if we could have the commitment from the chairman who i respect and certainly enjoy working with very much, have the commitment that it come up unattached to cram down so that

0:59:41 to 1:00:02( Edit History Discussion )

Bob Corker: we don't have the extortion of that iss being attached to this. i didn't hear that so i just wanted to know if that was also part of the commitment? mr. do appreciate my colleague from tennessee havin very good ears in all of this and i can't dictate what all is gog to be included in an amendment and my colleague is aware

1:00:03 to 1:00:24( Edit History Discussion )

Bob Corker: number of our colleagues that are very interested in the cram down, as you call it, provision, dealing with the bankruptcy law and primary cannot give the assertion that final package will or will not include that. that will largely depend on how the negotiations proceed. that's the reason we're not prepared today to go forward with this proposal along with

1:00:25 to 1:00:46( Edit History Discussion )

Bob Corker: others as part and i know there is strong feelings on both sides of that question in this chamber. so i know that i've been asked to give that assertion which i cannot give. any more than i coul could give an assertion that other pieces by other members will be excluded or included.

1:00:47 to 1:01:08( Edit History Discussion )

Bob Corker: what i have said from idaho and i will repeat to my good friend from tennessee, this is a very important matter that my friend from idaho has raised and i agree with him on the substance and it needs to be done expeditiously, it's a serious issue along with the other issues dealing with the federal trade commission and others that need package that our bankers are very interested in and i know

1:01:09 to 1:01:29( Edit History Discussion )

Bob Corker: there are strong feelings about the so-called cram down provisions. as i said to my colleague from idaho and others i sit here and dictate the outcome of a matter here in which there is strong feelings and opini in this chamber on. we will deal with that as we normally do here through the normal process one way or the ot but at this particular moment

1:01:30 to 1:01:53( Edit History Discussion )

Bob Corker: given the fact that we need to deal with this in a complete fashion, there is a budget point of order, clearly the authors of this bill, the pending matter, would like to move this without intervening action or debate having extraneous material added, for those reasons i support the senator from maryland's motion so we can move along with the matter. that's the

1:01:54 to 1:02:14( Edit History Discussion )

Bob Corker: friend from ten top's question. mr. corker: if i could have 30 seconds, i certainly thank the senator from connecticut and, again, certainly enjoy working with him. the strong feelings are felt, sort of go in this manner. that is, there is unanimous or overwhelming support for this particular provision. this body is very, very divided

1:02:15 to 1:02:36( Edit History Discussion )

Bob Corker: on this other issue. so it does, in effect, keep us from having a great pro very good policy that is very much supported from becoming law. it is broken down by the fact we have tremendous dissension in this body -- let me say this, a difference ofpinion in this bed offer the cram down issue but that obviously is stating the obvious. i'm sure the american public