Bob Menendez
The Public Record
Robert Menendez is a prominent Democratic politician currently serving as a member of the United States Senate, representing New Jersey. He was first elected to the Senate in 2006 and has since been re-elected multiple times. Menendez has played a significant role in various policy areas, including foreign relations, immigration reform, and healthcare. He has served on several Senate committees, including the Senate Foreign Relations Committee, where he has been an advocate for human rights and democracy abroad.
And, Mr. Chairman, if I may, just one last question. How do you get the Russians, for example, to cease its arms sales, specifically sophisticated anti-aircraft systems, to Iran?
The critical thing is that we do something and we do something quickly if Iran doesn't respond to our offer by the deadline that the administration has set.
Iran is not simply an existential threat to our ally in the Middle East--Israel--but it is a threat.
It just seems to me that when we create the impression that we are reassessing without action, then I think if I was the Iranians and my goal was theirs, that I would love all these reassessments.
The G-8 has set the September meeting of the G-20 as supposedly a deadline for Iran to accept negotiations or face stronger sanctions.
The question is whether it is a determination that you can't, as Dr. Maloney said, you are not going to affect the outcome.
We need to do much more than that, and as we all have said, if we really want sanctions to be able to have a significant bite, they are going to have to be multilateral.
If I am sitting in a camp, still facing pretty dismal conditions and worried about my security and/or my life, the counsels of patience and delay do not satisfy me.
The argument was a stakeholder argument, that there were shareholders, there were employees, there were communities, there were suppliers, there were customers, all of which had a legitimate position in the decisions.
In practice, a corporation serves multiple masters, right? It has shareholders, it has corporate management, its creditors, the public in general.
I think Commissioner Paredes' proposal is much more reasonable in that it considers facilitation of State law rights.
I think it is an appropriate use of rule making, which is purely disclosure-based, which is very important.
I want to commend Senator Warner and Senator Corker for the introduction of the TARP Recipient Ownership Trust Act.
There are many cases where what is best for corporate management may not necessarily be the best for shareholders.
So the automobile industry would fall in the same context as you are describing.
Sometimes I wonder whether we should be looking at too interconnected to fail.
A cascading of thousands of businesses that would not have access to capital would not be a systemic risk?
I do not quite understand that community banks that were not the cause of the challenges we face get hit at the same rate as entities that did create some of those risks.
Unless an entity like that can find its way out of its financial difficulties, we are talking about hundreds of thousands of small businesses.
We have set those in stone, as have many other places, reduction of energy consumption by 20 percent for the State of New Jersey by 2020.
I think there is no question but that complex, unregulated mortgages are what are driving the current foreclosure crisis.





