Bob Corker: “I rise to speak on the bill before us. I know John McCain from Arizona has filed an amendment on Fannie and Freddie, or…”

“I rise to speak on the bill before us. I know John McCain from Arizona has filed an amendment on Fannie and Freddie, or GSEs, as we call them. I wish to speak on that amendment. I know I have worked with our Presiding Officer on big pieces of this bill. I very much appreciate the spirit with which we have worked on this bill. All of us know there are pieces of this legislation that are very appropriate. Certainly, the orderly liquidation title that the Presiding Officer, myself, Senator Dodd, Senator Shelby, and so many others have been involved in is an important piece of this legislation. All of us realize secondarily that the derivatives title, once it gets corrected and is in the right form, is a very important piece of trying to deal with what we as a country have dealt with over these last couple of years. Certainly, some elements of consumer protection are very important. I hope we are able to get that back in balance. I believe, as with any piece of legislation we pass here, sometimes we take a crisis and use it to cause things to happen that don't necessarily have to do with the crisis itself. I certainly believe that is the case with some of the expanse as it relates to consumer protection. But the fact is, I think the orderly liquidation title is something that is a useful tool.”