I think the gentleman from Louisiana has a good idea. Over the weekend I saw where the Governors unanimously agreed with the proposition we should bail out Mexico. I think since they think that is so great, my suggestion is let us not have the Congress take up that resolution, let us ask the 50 States to bail out Mexico.
Discussing the proposal to bail out Mexico during a congressional debate.
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More from Paul E. Kanjorski
I have never seen anything in the world more devious or backdoor to come in to Federal regulation than doing it this way, and with the least amount of real direct effect.
The ongoing financial crisis has made it apparent to nearly everyone that we must move the over-the-counter derivatives market from one that takes place under the table to one that happens out in the open.
Let me ask you this: Are we just going to be putting a patch on a tire as we come out of this? Or are we going to get the opportunity to focus and really make fundamental corrections to the system?
The Republican plan that was put forward last week addresses various policies that put the taxpayer at risk, but has no bail-out in the future.
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