Political Quotes

“First, let me acknowledge the contributions of Senator Crapo to the Banking Committee efforts. While not endorsing the bill as it presently reads, he has been a valuable member of the committee for many years. I deeply appreciate his input. His ideas are always tremendously constructive in any debate we have. I thank him for that. I have asked my staff to meet with his staff to try to clear up some things. I would like to be in a position of where we can accept the amendment. I am not trying to prejudice one over the other. We would like to keep some risk retention or good underwriting standards so the choice is there. We are not trying to impose both. I know the staffs are talking. On page 2 of the amendment, beginning around line 18, paragraph (I), beginning ``retention of'' and then it lists three paragraphs and possibly a fourth. We are looking for some clarity on the meaning of ``the value of securities sold to investors or the interest of the seller in revolving assets.'' On those two, we particularly need some clarity on what that means. It seems vague to us as to how that would apply. Rather than rush this along, we would like to take a few minutes and see if we can come to some resolution of that and possibly accept it. Senator Landrieu will have to come over. It is her amendment we are amending. We will see if we can reach accommodation and adopt it, if possible. Let's take a few minutes and look at how we might work on this together.”