Political Quotes

On the recordJune 30, 2010
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.
Said by
Ed Perlmutter
Democratic · Colorado
Source
govinfo.gov
Jun 30, 2010

Editor's note · Context

Speaker Perlmutter addresses job loss and banking reforms during a discussion on economic recovery.

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