I note, you only have to ask yourself--look, you do not have to have a Ph.D. in banking. Ask yourself this question: The idea of requiring these institutions to put up money in advance, so that if they fail they end up paying for the cost of unwinding----
The speaker is discussing financial regulations and the responsibilities of banking institutions.
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I had hoped we'd get in the lame duck session to the ratification of the Colombian Free Trade Agreement and the Panamanian Free Trade Agreement.
President Clinton, to his eternal credit in my view, just does not quit on this issue.
Maybe we ought to be spending a little more time looking at the relationships at that level.
I'll tell you, one of the things I feel very good about is that there are people like Bob Menendez, who care about these issues.
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