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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Overwhelmingly, they say this is their biggest concern--their retirement security, and, overwhelmingly, they want us to act.
This Retirement Security Plan structure that we have suggested I think would go a long way toward dealing with these issues.
You know, we met with a Congressman on the Ways and Means Committee this morning, and we were on a subject related to this. You really see it with our elderly people who do not have options or options are closing in on them.