John Sarbanes: “before the Senator from Alabama leaves the floor--because this is going to turn into a very interesting debate, and I…”

“before the Senator from Alabama leaves the floor--because this is going to turn into a very interesting debate, and I want to make clear the parameters of it, obviously--he sent out a letter quoting Senator Proxmire. I am sure he is a good former trial lawyer, and he would anticipate that we would go and read all of the Proxmire statement from which he was making selections which were reflected on the chart that he just showed us. Now, from that Proxmire statement, the very one containing these selections which the Senator says is his rationale for supporting the Community Reinvestment Act, and from which the Senator allegedly shows that the rationale no longer applies--although I disagree with even that assertion--let me read to you. I will read the next sentence, which didn't appear on the Senator's chart, I regret to say.”