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Video archive of the US Congress

House Proceeding on Oct 2nd, 2008 :: 0:20:59 to 0:22:10
Total video length: 1 hours 52 minutes Stream Tools: Stream Overview | Edit Time

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0:20:00 to 1:52:13( Edit History Discussion )

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Ed Perlmutter

0:21:35 to 0:21:46( Edit History Discussion )

Ed Perlmutter: the fdic as we did in the 1980's to resolve thousands of problemmed institutions. in those days we had over $100 billion worth of resolution costing $1.8 billion to the insurance fund, not the

Ed Perlmutter

0:21:46 to 0:22:03( Edit History Discussion )

Ed Perlmutter: taxpayer. we need to use the security and exchange commission to work with our banks and how they account for the real estate on their books, not with false indexes and arbitrary measures

Ed Perlmutter

0:22:03 to 0:22:18( Edit History Discussion )

Ed Perlmutter: but rather to true value. that would unlock billions of dollars, $500 billion in the system today and would ease interbank lending. let's use the right medicine, not a band-aid as our deficit explodes

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