I thank Senator Landrieu for her leadership on this issue. I agree that the intention of this legislation from the very start has always been that investments made through the Small Business Lending Fund should be treated as Tier 1 capital in a manner consistent with that accorded to other capital securities issued to Treasury by eligible institutions. This treatment will allow these institutions to use Treasury funds to expand small business lending as intended.
Senator Reid discusses the importance of treating investments from the Small Business Lending Fund as Tier 1 capital.
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But the purpose of politics that Harry Reid understood very well is to get stuff done.
He has no regrets. He says he had to do it to save Obama’s presidency because of what the Republicans were doing to obstruct the president’s confirmation of judges and other legislative things.
Get rid of the filibuster. It’s nothing. As Barack Obama said at John Lewis’ funeral, it’s part of the leftovers from the days of slave owners. You have got to get rid of it. It’s very bad.
Get rid of the filibuster, is nothing that as Brock Obama said, at John Lewis` funeral, it’s part of the leftovers from the days of the slave owners. You got to get rid of it. It’s very, very bad.
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