I am just afraid that we may have, in a sense, a false sense of progress because there are people in arrears.
I want to follow up on Senator Brownback's comments, and one, echoing my other colleagues' concerns about the real human effects these decis...
if I would have ever thought in my business life that I would see a group of Senators trying to micro-manage the workings of American indust...
Chairman Bernanke, would you agree that the municipal credit market is still in distress?
I respect the Federal Reserve's various efforts to stabilize the current crisis.
There is, however, one critical area in which I believe the Fed has failed to act--the municipal bond market.
But wouldn't putting a cap on greenhouse gas emissions raise the cost of a wide variety of energy sources?
Quite frankly, I did not support the bailouts last year.
I would hope that this committee would act to intervene to help municipalities in a time of need.
The Social Darwinism espoused there would basically throw municipalities and States in the United States into the ditch.
If we do not want to see this economy contract further, we need to help municipalities and States access credit.
I hope that it has been timely, given the rush of events that we have here.
I think the answer is that it does violate the terms of that Act. I think an automaker by anyone's estimation is not a financial institution...
And we require it in other areas. They need to understand us every bit as much as we need to understand them.
I don't believe it's always necessary that, if the American flag goes down, that we end up staying to rebuild a nation.
Militarily, we should go, at the right time. I think everyone should know that. Diplomatically, culturally, we should be staying.
I actually offered an amendment yesterday, on the exact point that you just made.
We need a strategy that has clearly articulated endpoints, not simply benchmarks, so we really know where we are going.
