These credit default swaps that you engaged in, these synthetics, in my judgment and I think most people's judgment, do not serve a social purpose.
Carl Levin: “These credit default swaps that you engaged in, these synthetics, in my judgment and I think most people's judgment, do…”
Editor's note · Context
Levin critiques the social value of credit default swaps.
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May I inquire how much time I have remaining. The Acting CHAIR. The gentleman from Michigan has 45 seconds remaining.
Let me just mention, the gentlewoman is so right that it is a floor. One of these arguments that we hear is, ``We don't want one-size-fits-all,'' right? Well, first of all, as a labor lawyer, the minimum wage has been one national wage the…
I claim the time in opposition to this amendment. The Acting CHAIR. The gentleman is recognized for 5 minutes.
I thank Representative Pressley for being such a great champion for workers in Massachusetts and in our whole country. Madam Speaker, I now yield to the gentlewoman from Illinois (Ms. Schakowsky).





