The bottom line about the stress test is that we are going to put some of these banks under stress and see if they are adequately capitalized.
Lindsey Graham
The Public Record
Lindsey Olin Graham is an American politician serving as the senior United States senator from South Carolina since 2003. A member of the Republican Party, Graham has been a prominent figure in national politics, known for his work on issues such as national security, foreign policy, and judicial appointments. He has played a key role in various legislative efforts and has been an outspoken advocate for military support to Ukraine in recent years.
A hundred percent auction of the credits will, I think, make it very difficult for a heavy-energy-user manufacturers.
The President spoke to the Congress a couple of weeks ago, he mentioned energy independence and climate change as two big issues for the administration, and he gave a list of solutions. He did not mention nuclear power.
The $50 billion to support a more aggressive loan guarantee program was taken out of the stimulus package.
I want to applaud you for beefing up the environmental management budget so that people like South Carolina's Savannah River site, who have done some pretty aggressive things to reduce their waste footprint, will not be left hanging.
The politics around energy are sort of like agriculture politics. They do not break along party lines many times.
Your testimony, quite frankly, has been more reassuring than the budget and, quite frankly, it has been more reassuring to me than the President's speech to the Congress a couple of weeks ago in the area of nuclear power.
I think this is, quite frankly, a reckless move at a time when our nation is very much at threat.
Every other climate change solution in this building has had an allocation system because we don't see compliance.
If you are serious about climate change solutions, there is going to be some increased cost.
The Government is involved. How much money would the Government save in the second option versus the first option in your opinion?
I am convinced that of this $838 billion, a lot of it is going to go to things other than creating jobs in the first year or the next 18 months.
I just do not believe that is enough money to fix housing and banking, and I just wish you would say that.
Let us try to make a budget here because I have got to go back to South Carolina and everyone here is going to go back to their respective States and give people some idea of what we are doing, how much all this is going to cost, and when…
$350 billion was not well spent, the next $350 billion can be better spent, but it is not nearly enough.
When it comes to the financial institutions, I think the first $350 billion was wasted.
I think Republicans and Democrats have to embrace things that we would never embrace before.
$100 billion of the $350 billion, this panel agrees should go into the people that are in foreclosure.





