Can you give us some thoughts about how to ensure that the right level of rigor is applied to make sure that we really are valuing these assets and liabilities.
Michael Bennet
The Public Record
Michael Farrand Bennet is a United States Senator from Colorado, serving since January 21, 2009. A member of the Democratic Party, Bennet has focused on a range of issues including education, healthcare, and economic policy throughout his tenure. He has been an advocate for improving access to quality education and has worked on initiatives to reform the healthcare system to make it more affordable for Americans.
That is why we support Senator Dodd's bill and fair regulation of the marketplace.
One thing that you mentioned was the idea of a fund that would have both public and private money in it.
The risk to the Federal Government is a lot lower than some of the other things we are talking about here.
I would like to get some extent, because without conditionality we did not see this happen.
I do not quite understand what the full plan--I got the outlines of it, but I do not quite understand what the full plan is.
I am looking for a plan that ultimately prioritizes Main Street at the end of the day.
I want to commend the Secretary for recognizing the need to provide immediate results for homeowners.
Last week, to go further, the Senate passed an amendment that I and Senator Mel Martinez... offered to the economic stimulus package...
Homeowners and consumers must no longer be our last consideration. They should be our first.
If the estimates are correct, we are looking at a gap of some $2 trillion over the next several years.
If, in fact, we do not have the kind of transparency that you are talking about, our constituents will not permit us to put up the money.
I am grateful for the administration's commitment... to this path of transparency and accountability, which is job number one, I think, for the American people.
This committee will face head-on the challenge of responding to an economy in crisis.
I join you on behalf of the many Coloradans affected by the Bernie Madoff investment scandal.
If we have learned anything from 2008, we have learned that our regulatory system is broken down and it is in need of comprehensive reform.
If I could just ask--thank you for the answer. I am more concerned with whether or not there is a set of priorities that relate to the characteristics of the firm itself.
If there was ever a time in our Nation's history where the public needs to rely on the regulators to know that their investments are safe and secure and that the regulators are doing their job, it is now.
One thing is clear: The failure of our regulators has severely undermined the American people's confidence in the integrity of our capital markets.





