Jul 28, 2009
After all, we cannot legislate good judgment or ethics. And we already have the ultimate form of accountability through bankruptcy.
Jim Bunning
The Public Record
Jim Bunning is a former United States Senator from Kentucky, serving from 1999 to 2011. A member of the Republican Party, Bunning was known for his strong conservative positions and advocacy for fiscal responsibility. Before his political career, he was a professional baseball player, notably a pitcher in Major League Baseball, where he was inducted into the Baseball Hall of Fame in 1987. Bunning's tenure in the Senate included a focus on issues such as energy policy and workers' compensation reform, often criticizing the Department of Energy's handling of compensation programs for workers.
congress.gov
Jul 28, 2009
The fact that if I live in Kentucky, where I live, you want me to come in and say, the Federal Government should make the rules for every company in Kentucky.
Jul 28, 2009
While we may be able to make some reforms that will promote good long-term performance and responsible behavior, we will not, I say, be able to prevent bad decisions or failures.
Jul 28, 2009
Yes, but they are at the trough every time they have a problem, whether they are a finance company or whether they are an insurance company, whether they are an auto company.
Jul 28, 2009
In general, pay should promote good long-term performance, and shareholders must share in the gain, not just executives and traders.
Jul 28, 2009
I want to know what each of you think of that approach, of a mandatory opt in or opt out vote every few years to decide certain matters.
Jul 22, 2009
The Fed needs to be reformed so it can get monetary policy right and not create future bubbles through easy money.
Jul 22, 2009
Well, even if we write it into the law, they don't do it, because in 1994, we wrote it into the law that they monitor all mortgages within the banking system that they control and within the mortgage brokers.
Jul 22, 2009
Of all the proposals we have seen, the one outlined in Chairman Bair's testimony today makes the most sense so far.
Jul 22, 2009
Do you think the Federal Reserve would do a better job at monetary policy if its only mission was keeping a stable currency?