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CSPAN Capital News Today June 11, 2010



it is important and we should improve resolutions for failing companies to limit damage to the economy. we should not create a system in which there can be ongoing involvement of the federal government without reasonable limitation to protect against this unending federal bailout of these large and institutions. the largest bailout in america, fannie mae and freddie mac so far, fannie mae and freddie mac for the largest of the bailouts we have dealt with. if you look at the takeover of the student loan system and the auto industry, the $145 billion that the taxpayers are already on the hook for with regard to fannie and freddie, which is expected by experts to go up to over $353 billion before it is done, it is absolutely absent from this legislation. on the senate floor, i have offered an amendment which simply requires that fannie mae and freddie mac be included as part of the federal budget as far as either institution is part of a conservative shirt is a conservat ....

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