Mark Warner

Again I will close my comments and thank the chairman of the Small Business Committee for her leadership on this bill. We would not be here today but for her relentlessness on this legislation. This legislation has had more hurdles, many…

These would be foreign-based jobs coming back in, or jobs that might locate otherwise abroad targeted directly at IT and at manufacturing.

If we can't accomplish that, this place is pretty darn broken.

It is America versus the rest of the world, and we have got to have the same kind of tool box that other countries offer.

I hope if we are not able to get--we have that continued intransigence, that you will continue to look at other initiatives.

I want to just reiterate a point that I think both Ms. Lamb-Hale and Mr. Kilmer made, and that is the real dire problem we have got in terms of getting the manufacturing business access to capital, I think we are at a crisis mode right now.

I wholly agree with you--and I think it is more than just in manufacturing; it is across our country--that education needs to be a primary focus for our workforce.

I really think that sector--we may not be able to solve every challenge, but there could be targeted assistance to that group.

I share his concern about currency manipulation by China, and I think it is an issue that we do--it is our responsibility to take on.

The traditional canard... that somehow the reason we cannot compete on a manufacturing basis is because our wages are way too high is not based in fact.

Nobody is better about that than Sherrod Brown.

I concur with my colleague from Nevada on streamlining.

If you and your colleagues were going to enact an extension anyway, than it is not as incremental as...

Getting those resources back invested in our economy, would be a great value.

There are a host of other things, R&D tax credit, other issues out there.

I don't think we by any means have come close to dealing with the too big to fail issue.

It is shame. They shouldn't both exist.

Getting that trigger right so it doesn't become a self-fulfilling prophecy that that action means the firm is going down.

It is hard to have a conversation about international insolvency internationally without the term 'Lehman' recurring through the conversation.

I think Senator Warner would agree with that.

Let me make one comment, and I want to get to one question for Commissioner Casey.

I would have real problems if there was going to be kind of an arbitrary taking of debt that would be converting it to equity if investors were not prewarned on that.

I had the belief, and I think Senator Corker did, as well, that we wanted to have a preferred process for bankruptcy and resolution being only as a remedy of last resort.

We live in an interconnected global economy, and as we have seen, that means interconnected global problems. Vulnerabilities and gaps in financial markets abroad can impact us here at home. The reverse is also true. Any reform or rules we…

Making sure that the living wills and/or funeral plans are really closely examined, particularly as regards to the international implications, will be one of the ways that you would prevent, I would think, resolution having to be used.