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(01) _TSONGAS FOR WEB.

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Play from 0:36[0:36] ..." of -- was that was clearly. Unacceptable it was too much about Wall Street and certainly did not protect the taxpayer. But nevertheless. Barney frank and others leadership of the house took very seriously that we"...

Play from 1:43[1:43] ..." How much of this congresswoman do you think -- a referendum on President Bush or do you think of that larger issues superseded anybody's concerns regarding his policies."...

Play from 2:04[2:04] ..." leading up with a credit market would have an impact on people's retirement plans. On their mortgage rates on their ability to access credit to buy a car. To send their child to school. I took those concerns very curiously."...

Play from 0:00[0:00]" You voted in favor of this package clearly. Some of the other members of the Massachusetts delegation. Disagreed with your position what was your rationale behind your vote."

Play from 0:10[0:10]" this is a very consequential day and I have to say that beginning last Thursday as as secretary Paulson and mr. Bernanke began to make the case for the it was their extreme concern about credit crunch in our economy I was persuaded by their argument by there's an economist on both sides of the -- that we faced a a critical time and that we needed her to move quickly to address that the president submitted legislation. Over the weekend of -- was that was clearly. Unacceptable it was too much about Wall Street and certainly did not protect the taxpayer. But nevertheless. Barney frank and others leadership of the house took very seriously that we are at a critical time in moved. Very conservatively to craft a bipartisan solution that protected the taxpayer and so while the bill that was presented today it was not perfect to come I was disappointed in -- some features but I felt that we in. Nothing can change about the consequences of inaction. And that we needed to move quickly and and so I think -- for the legislation. Well we'll will be staying here until we and move forward with crafted pieces of legislation that hopefully. Can generate bipartisan support today. 67%. 60% of the Democrats voted for -- 61 7% of Republicans did not tell. Clearly we have a way to go but we always felt that they should have strong bipartisan support. In order to have the support of the American people."

Play from 1:43[1:43]" How much of this congresswoman do you think -- a referendum on President Bush or do you think of that larger issues superseded anybody's concerns regarding his policies."

Play from 1:53[1:53]" You know I I I you know fundamentally. I accepted that fact that we did them. Action was critical that there was much at stake for the American taxpayers that. The leading up with a credit market would have an impact on people's retirement plans. On their mortgage rates on their ability to access credit to buy a car. To send their child to school. I took those concerns very curiously. But I do believe there were others who I did not and down like I think -- you look at that and how it palatable took place today. On that much much will come down to that you know I hope that I'm wrong it would be wonderful to be wrong that. The failure to act Tom. It did is it does not have the immediate and significant impact that that of this scenario presented we will these so I think nevertheless. -- also all of that you're committed to staying until we do we solve this legislatively."

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(01) _TSONGAS FOR WEB.

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29 Sep 2008

(01) _TSONGAS FOR WEB. 

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[2:04]..." leading up with a credit market would have an impact on people's retirement plans. On their mortgage rates on their ability to access credit to buy a car. To send their child to school. I took those concerns very curiously. "...

[0:36]..." of -- was that was clearly. Unacceptable it was too much about Wall Street and certainly did not protect the taxpayer. But nevertheless. Barney frank and others leadership of the house took very seriously that we "...

[1:43]..." How much of this congresswoman do you think -- a referendum on President Bush or do you think of that larger issues superseded anybody's concerns regarding his policies. "...

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President Bush Radio Address 9-27-08

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27 Sep 2008

President Bush Radio Address 9-27-08 

President Bush explains why Wall Street must be bailed out of it's current financial crisis.

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[0:17]..." administration to address the instability in our financial system. On Thursday -- Senator McCain Senator Obama and congressional leaders from both parties at the White House. To discuss the urgency of passing a bipartisan rescue package for our "...

[0:00]..." And now. A message from the president of the United States George W. Bush. "...

[1:17]..." up with your bills. The government ask you pay for mistakes on Wall Street it does not seem fair and I understand that. If there were possible to live every irresponsible firm on Wall Street fail without affecting you and your family. Would do it but that is not possible. The failure of the financial system would "...

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President Bush pledges global response to crisis

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President Bush says world leaders are working together to address the global financial crisis, but warned it will take time to see results.

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[1:11]..." it is important for our citizens to have understood. That which affects Wall Street. Affects main street as well. And all of us recognize. That this is a serious global crisis. And therefore requires a serious global response. For the good of our people. We resolve to continue our strong efforts to return our economy -- the path of stability and long term growth. The United States has a special role to play in leading the response to this crisis. That's why convene this morning's meeting here at the White House. And that is why our government will continue using all the tools at our disposal to resolve this crisis. Remaining secretary Paulson and I described a bold actions United States has taken over the past few weeks. Help thaw frozen Marcus of Federal Reserve has taken unprecedented measures to boost liquidity. Securities and Exchange Commission is cracked down on abusive practices in the markets. Federal agencies "...

[0:12]..." France. Germany Great Britain Italy and Japan. I'm pleased to be with Prime Minister you -- Luxembourg. Who is the president of the Euro group of countries. Managing director Strauss -- of the International Monetary Fund. "...

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5:12