Bob Corker: “I realize that in this body, as I said that day on the floor, nothing ever works out exactly as you wish. This bill is…”

“I realize that in this body, as I said that day on the floor, nothing ever works out exactly as you wish. This bill is not going to be exactly the way the Senator would wish. We are going to pass a bill that, to me, is incomplete. One of the things I think all of us, including the Senator from Connecticut, had hoped would occur is that the Judiciary Committee would actually work on a title that would make the resolution title much less necessary because it would enhance the ability to deal with these complex financial companies. That has not happened. I know we have not dealt with Freddie and Fannie in this bill. I know you would have liked to have dealt with that. I hope you would have liked to. We are not going to deal with it. You are going to be leaving this body after a distinguished career here. But I think what we are trying to say is that, look, we still have work to do. The Judiciary Committee has to develop a better bankruptcy title for financial companies, and I think all scholars have said that is the case.”