I would respond to my friend from Texas that, first of all, losing 780,000 jobs a month, as we were when George Bush left office, that's job killing. That's terrible. One of the things we're trying to do is right that ship. Second, he says that they set up a bankruptcy process for these banks. Well, as Democrats, we said, These failing banks, if they're failing, we're not going to let them linger along like they might in a chapter 11 bankruptcy. We close them. We liquidate them. That's the purpose of this. No more bailouts.
Editor's note · Context
Speaker Perlmutter addresses job loss and banking reforms during a discussion on economic recovery.
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I've spoken to Adam Smith and others about integrating some of the defense sums.
This is a wonderful place, and the opportunity to serve our communities, our neighbors, the Nation, you know, it is a fantastic honor.
Well, and there's a tension, too, between the kind of privacy we might want from State, or Federal, local governments versus the kind of privacy we may want from private enterprise.
I have a motion at the desk. The SPEAKER pro tempore. The Clerk will report the motion. The Clerk read as follows: Mr. PERLMUTTER of Colorado moved to reconsider the vote on concurring in the Senate amendment to H.R. 8404. Motion to Table





