On the recordJanuary 7, 2009
We have got a big problem, maybe $2 trillion or more with bad assets.
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congress.govWe have got a big problem, maybe $2 trillion or more with bad assets.
Kent Conrad emphasizes the severity of bad assets in banks.
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I would just say our Retirement Security Plans and our Retirement Security Clearinghouses are responding to the underlying dynamic that Professor Mead has done such a good job in describing.
Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.
I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.