Speeches & Events

“…leveraging. Conflicts of interest in most egregious. The probability of dishonesty deceit. Lehman Brothers didn't just. Collapse since September 15. Its financial situation in getting increasingly dire with each passing quarter. Believe these executives kept telling shareholders in public investors. That its finances were in great shape. In September 2007. Lehman's chief financial officer told investors. Quote our liquidity position is stronger than ever. December 2007. CEO Richard -- said quote our global franchise and brand have never been stronger. In March 2008. Lehman fired its Chief Executive Officer and hired a new one. The new chief financial officer told investors quote I think we feel better about -- on the quick liquidity than we ever have. In June 2008 CEO Richard Fuld told shareholders quote our capital and liquidity positions. Have never been stronger. That's September. -- Five days before Lehman filed for bankruptcy protection. Lehman made upbeat comments to investors in research analysts. This just met. You represent a state pension fund your fund manages retirement assets at public employees in the state of Colorado. What do you think about these statements by mr. Fuld and others at -- Were they giving you an honest assessment of what was going on inside the company. …”

“…Had a vested interest in. If he had disclosed its precarious situation. . It could put more pressure on the company. That's why I believe the disclosure rules are so important. Investors should have to …”

“…And look this probably explains the biggest fundamental difference between John McCain and Barack Obama answer elements are blind governor Pailin and Joe Biden. If you don't understand what the cause it. It's virtually impossible to come up with a solution. We know what the cause the cause is man made that's the cause that's where the polar ice cap is melting. Now let's look at the facts we have 3% of the world's oil reserves we consume 25%. Of the oils of the -- of the world. John McCain is voted twenty times in the last decade and half against funding alternative energy sources clean energy sources wind solar. Biofuels the way in which we can stop the greenhouse gasses from the minute. We believe Barack Obama believes by investing in clean coal and safe nuclear we cannot only create jobs in wind and solar here in the us as we can export it. China is building one of the three new coal fired plants burning dirty coal. Per week is polluting not only the atmosphere but the west coast of the United States we should export the technology -- best thing. In clean coal technology we should be creating jobs John McCain is voted twenty times against. Funding alternative energy sources and thinks I guess the only answer is drill drill drill. To grow …”

“…put it Democrats -- Republicans who have been very difficult. Pot but Barack Obama. . Laid out for basic criteria for any kind of rescue plan. He first of all said there has the oversee mockery checked …”

“…Lehman made. And look this probably explains the biggest fundamental difference between John McCain and Barack Obama answer -- are blind governor -- and Joe Biden. If you don't understand what the cause it. It's virtually impossible to come up with a solution. We know what the cause the cause is man made that's the cause that's where the polar ice cap is now. Now let's look at the facts we have 3% of the world's oil reserves we consume 25%. Of the oils of the oil of the world. John McCain is voted twenty times in the last decade and half against funding alternative energy sources clean energy sources wind solar. Biofuels the way in which we can stop the greenhouse gases from it. We believe Barack Obama believes by investing in clean coal and safe nuclear we cannot only create jobs in wind and solar here in the -- we can exported China is building one of the three new coal fired plants burning dirty coal. Per week is polluting not only the atmosphere but the west coast of the United States we should export the technology -- best team. In clean coal technology we should be creating jobs John McCain is voted twenty times against. Funding alternative energy sources and thinks I guess the only answer is drill drill drill. -- we …”

“…put it Democrats and Republicans who have been very difficult. -- but Barack Obama. . Laid out for basic criteria for any kind of rescue plan. He first also there has the oversight arteries checked anybody molesters …”

“…I don't think any of us want to see your responsibility. On Wall Street compounded. By an effectiveness. In Washington. That's why we must act even as we do so with regrets and reservations because we have little choice. The proposal we are considering is far from perfect. But it is a far cry. From the original plan sent over by the Treasury Department that. Installed virtually. Unlimited powers in the hands of the Treasury Secretary. As I said when we first examine that original three page proposal. We needed a plan that included checks and balances not a blank check. And thanks to the leadership. Here in the Senate and in the house we have negotiated. Through the congress on a bipartisan basis. A better alternative that installs. Taxpayer protections -- …”

“…In the original request that came to the congress from the -- Treasury Department. . And tonight we will vote on legislation. None of us wish we were considering. And -- Abbas can afford to see fail. …”

“…it's arteries the financial system is clogged. And it will cause a heart attack. . May be in -- day may be in six months but we will get a heart attack for sure if we don't act. So we must act and unfortunately when we act. We're not just acting for Wall Street unfortunately Wall Street. . With all its excesses is connected to main street. Right now madam president. . You can't get a car loan if you don't have a fight goes for a credit rating score that's very high 720. …”

“…Madam president first I want to compliment my colleague from Illinois Barack Obama. . -- speech was not only on the money but the way he has handled himself. Threw out. This crisis. Has been nothing short of presidential. And he has been erudite he's been thoughtful he's been effective he's been behind the scenes. No show voting no big statements untrue what he was it was perfect. Now I rise to support the legislation before us. Madam president it's become clear over the past few months we live an amazing and dangerous times. What ever thought that the lowly mortgage. …”

“…Let's go -- to CBS now for live coverage of President Bush's statement this morning at the White House WBA news time 844 here's CBS course. …”

“…with congress it's also of course intended to be a signal to Wall Street. . But they're really trying to build pressure on congress from the grass roots. …”

“…This is a CBS news special report President Bush on the bailout I'm Howard -- you know in Washington. President Bush is about to speak just outside the Oval Office. On the big economic relief package -- which will be voted on in just a few hours by the House of Representatives. And there are still a lot of conservative Republicans. Or not very happy with this bill -- live White House correspondent Mark Knoller mark what's the president's message. Well how -- House of Representatives. Will be taking up the bailout bills starting in less than half an hour President Bush wants to set the stage for the debate and the vote. He knows many members of congress oppose the bill including many …”

“…Along with -- other measures taken by the Treasury Department and the Federal Reserve. . We'll begin to restore strength and stability to America's financial system and overall economy. And I'm confident that in the long run. …”

“…a rescue plan. And we need to rescue plan. This is. It's hard worker proposal is a big proposal. And the reason as big. As substantial -- do we got a big problem. We also need …”

“…is no disagreement. There's something suspect there's substantial must be done. The legislative process is sometimes. Not very pretty. But. We are going to get a package passed. We will rise syndication. Republicans and Democrats. Will …”

“…We must rain vigilant against proliferation. I fully implementing the terms of Security Council resolution 1540. And enforcing sanctions against North Korea and Iran. We must not relent until our people are safe. From this threat to …”

“…dramatically over the past twenty months. Thanks to the courage of the Iraqi People. . Are determined coalition of nations. And a surge of American troops. The United Nations has provided the mandate for multinational forces in …”

“…to address the challenges confronting our financial markets. We've taken control of Fannie Mae and Freddie Mac. . The home finance agencies to help promote market stability and to ensure they can continue to play. A role in helping our housing market recover. This week. The Federal Reserve acted to prevent prevent the disorderly failure of the insurance company AIG. Development that could have caused a severe disruption in our financial markets. And threatened other sectors of the economy. Yesterday. Security and exchange commission took action. To strengthen investor protections. And stepped up its enforcement actions against illegal market manipulation. Last night. The Federal Reserve in coordination with central banks around the world. To -- substantial step to provide additional liquidity. To the US financial system. These …”