On the recordJune 16, 2010
The point here is smaller banks, regional banks, unlike banks on Wall Street, did not create the credit and lending mess that exists today. Small businesses didn't create the mess that we see. And it is small business that employs so many people, and we have got to get folks back to work. So the amendment allows for a bank to take a loss and then spread it over a period of time so that they can weather this storm until we get back to a good financial footing in this country. It is something that is necessary. It will assist with the availability of credit today and doesn't cost the taxpayer any money. Something like this was used in the 1980s to assist the agricultural banks, and it worked at that time. It will work today. I urge an 'aye' vote on amendment No. 5, and I yield back the balance of my time.
