|1:57 PM EDT||
Ed Perlmutter, D-CO 7th
Mr. PERLMUTTER. Madam Speaker, I would respond to my friend from Texas that, first of all, losing 780,000 jobs a month, as we were when George Bush left office, that's job killing. That's terrible. One of the things we're trying to do is right that ship. Second, he says that they set up a bankruptcy process for these banks. Well, as Democrats, we said, These failing banks, if they're failing, we're not going to let them linger along like they might in a chapter 11 bankruptcy. We close them. We
liquidate them. That's the purpose of this. No more bailouts.
With that, I yield 2 minutes to my friend from Connecticut (Mr. Larson).