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senator wicker is not here so i will call on senator cantwell. in. >> thank you mr. chairman. i think i will direct my questions to mr. inaba but a summit has been answered as great as well but under what circumstances does toyota make available the contents of its electronic data recorder? >> i will be glad to answer, but mr. uchiyamada is a specialist. >> [speaking japanese] >> translator: at this time, all the toyota vehicles have electronic data recorder. set in such a way that the electronic data will remain. it's not the case whether this is disclosed or not disclosed however because there is a special interest is that we use it just turns out in a way that only toyota can read it out. >> [speaking japanese] >> translator: may i continue? >> yes go ahead. >> [speaking japanese] [speaking japanese] >> translator: we believe that such data it should become more public and therefore we are trying to make this data available to other entities that ourselves and, indeed, we're trying to provide 100 such data recorders by early april and 150 units of such recorders by the end

i'm going recognize senator cantwell, who has been a great leader in this administration, but before, i want to talk about prices broadband throughout the world. sweden, $10.80, denmark will $11 a month, the u.s. is $15. we're in the ballpark, still high and we're fourth in the country, but this is what's worrisome. the penetration of households, i don't have penetration of businesses, but we're going to get that hopefully and submit it for the record as well. the u.s. ranks not first, not 10th, but 20th. we only have 60% penetration households. south korea, which ranks first, has 95%. but this is really startling. in speed, mega bites per second, japan is 94 megabytes per second. the u.s. is 14, but only 9 megabytes per second, so we have a tremendous challenge before this country and i know there are jurisdictional issues and controversial issues, we see these hearings playing out in the commerce committee over the last several years, but this committee is going to stay focused like a laser orrin small businesses in america and their access to affordable, high-speed connections. wh

conversation for us to be having in terms of your company and what my colleague senator carte well -- cantwell said is the reputation that you have for being such an excellent purveyor of quality cars. many of these issues have been discussed. the thing that i want to focus on today is sort of, i understand what you are doing now. i applaud you for doing the independent evaluation and the efforts that are you are taking. my concern is how long have you known about this problem and the efforts that you took in the past. we have been given, and i believe that the chairman has entered this into the record, a power point presentation that was given on september 20, 2006 by mr. jim press who was the president, i guess that was your predecessor, mr. inaba, is that correct? >> yes. correct. >> and this document has a group of it looks like it was a slide show presentation. could someone from toyota provide information to us as to where this presentation was given and to whom it was given? >> i do not personally know that document. but we will certainly get back to you with more information about that

chairman. >> thank you, senator cantwell.we will go to a second round. >> of course. >> i was just saying to senator hutchison before she left i don't know how many times i have talked here about this position. and the 24 years i have been on this committee about rose. where the name was written in there. strikes me that i am not doing row america a favor when i do that. you talk about a looming spectrum crisis. you come up with, you know, the nation needs 500 mhz and the next two years. i have this worry which goes along with what i said in the beginning about set out a large picture. there is sort of nothing. taking this 9/11 thing. i am so shocked. i am so embarrassed. you got the blessings of the 9/11 commission. but i am fairly sure they could not have read anything about interoperable, you know, first responders because really nothing has happened. there have been bids. nothing fundamental has happened in the most obvious homeland's security national safety to issue imaginable. now, i'd go back to my safety disaster tha

that's why i will never forget the day senator cantwell, another long-time champion for derivatives reform handed me a copy of the taped conversations between enron traders. these tapes from enron's west coast trading desk demonstrated beyond a reasonable doubt that energy traders would do anything to make a buck. when a forest fire shut down a major transmission line in tacoma, california, to cut prices, enron energy traders celebrated. here's a quote, "burn, baby, burn. that's a beautiful thing" a trader sang about the massive fire that threatened homes and lives. the tapes also confirmed that in secret deals with power producers, traders deliberately drove up prices by ordering power plants shut down. when california regulators tried to get money back from enron, their traders joked this -- quote -- "they're taking all the money back from you guys, all the money you guys stole from those poor grandmothers in california?" end quote. that was the mentality. another one, "yeah, grandma millie, man," replied the second trader. this was an eye-opening experience, it to say the least. in 2002

cantwell: madam president? the presiding officer: the senator from washington. ms.antwell: i appreciate my colleague from michigan being out here, as she has repeatedly, to talk about how our process oftentimes breaks down and what the consequences are because there's probably no bigger consequence than what's happened to the state of michigan. and she fights every day to make sure that we're aware of what will help our economy and help main street, and so i thank her for that and i thank her for being out here to urge us to get off of a filibuster and on to important legislation that i think will help our country. i'm here also to talk about something that i want to make sure as we enter this floor debate that people aren't confused about. that is that we've made choices in the past that really have helped accentuate the situation we're in. and if we're going to get out of this situation, we have to be honest with ourselves that this is a time when we need to do our job and make sure that we understand the opportunity to make sure consumers are protected. i want to

chairman. >> thank you, senator cantwell. we will go to a second round. >> of course. >> i was just saying to senator hutchison before she left i don't know how many times i have talked here about this position. and the 24 years i have been on this committee about rose. where the name was written in there. strikes me that i am not doing row america a favor when i do that. you talk about a looming spectrum crisis. you come up with, you know, the nation needs 500 mhz and the next two years. i have this worry which goes along with what i said in the beginning about set out a large picture. there is sort of nothing. taking this 9/11 thing. i am so shocked. i am so embarrassed. you got the blessings of the 9/11 commission. but i am fairly sure they could not have read anything about interoperable, you know, first responders because really nothing has happened. there have been bids. nothing fundamental has happened in the most obvious homeland's security national safety to issue imaginable. now, i'd go back to my safety disaster th

now, to further improve the bill, i am cosponsoring legislation offered by senator cantwell that would re-create the great depression era regulation that prohibited the mixing of banks and insurance companies. it's almost like restatement of glass istea fall gal. -- of glass stegall. i'm also a cosponsor of the safe banking act offered by senator brown and kaufman that would limit the size of banking institutions. no more too big to fail. in addition, i support legislation by senators merkley and levin that block institutions that are insured by the fdic from proprietary trading with their own money, with their own funds. we just can't have these big banks playing with their money if it's backed by the taxpayers of this country. again, mr. president, america has been through financial collapses and deep economic downturns before, but we learned in the great depression, we learned. f.d.r. answered that crisis by implementing tough new regulations to stabilize the financial system, rein in risk taking and recklessness on wall street, make the economy work for ordinary americans. because

senator cantwell, senator mccain have a bill on that. there are others that have a bill on proprietary trading. and there are others as well. but i want to talk about two things very briefly. number one, i'm preparing an amendment that deals with i want to call naked credit default swaps. i don't think that's investing. that's simply betting. if there is no insurable interest on either side of credit default swaps, that's not investing. and i think there ought to be a requirement that there be an insurable interest on at least one side in order for it to be a legitimate function. it seems to me that if we don't ban naked credit default swaps, we will have missed the opportunity to do something that is necessary to fix part of what happened in the last decade, number one. number two is the issue of too big to fail. it has not been described, it seems to me, by either the banking committee or by amendments that have been suggested, it has not been described that we should take seriously too big to fail by deciding if you are too big to fai

then-chairman senator harkin and i worked across party lines with senators snowe, feinstein, levin and cantwell to ensure that electronic trading facilities offering contracts that perform a significant price scoaf function are properly regulated in a transparent way. earlier this week, the cftc used this new authority to subject seven natural gas contracts to increased oversight. that is an example of how laws written with bipartisan agreements yield real results. derivatives legislation should have been handled this way too. it should have come out of the ag committee as a bipartisan product. my staff and chairman lincoln's staff spent five months crafting a bipartisan derivatives bill that should have been reported from the committee with support from both sides. unfortunately, things fell apart just as we were about to circulate an agreed-upon discussion draft. this discussion draft that would have required clearing of swaps by swaps dealers and others who contribute to systemic risk, it would have provided the s.e.c. and the cftc with the authority to establish capital and margin requireme

senator cantwell and senator mccain have a bill that i'm a cosponsor. there are three amendments already that i'm in favor of that are amendments. i've heard chairman dodd say time and again, this is not the perfect bill. this is a bipartisan bill. we put a lot of effort into it. he's welcomed the opportunity for people to come forward and offer amendments. now, i don't get it how you can say that you don't agree with the bill but you're not going to let anything happen on it. and on an issue like this. an issue that's so important to the american people. so important that we get it right. it's time. committees are great. i support the committee system. i think it's wonderful. i think negotiations are great. i think the bipartisan negotiations going on -- and i know they're going on because i've seen them on the floor. 10 or 12 members of the banking committee who are working. chairman dodd in the beginning set this thing up. he delegated down so that senator warner and senator corker were working on one thing. he and a republican, democrat were working