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David McCormick: “There's certainly a significant portion of this [financial…”

Featuring: David McCormick, Republican | U.S. Senate, Pennsylvania

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McCormick in HK: US-Sino relations 'unprecedented'

Published | Video Starts at 01:20

While I would, I think it's fair to say that a lot of the uncertainty and risk we see and some of the challenges we see are not solely the province of the United States and U.S. regulators. There's certainly a significant portion of this [financial market instability] that we need to take more than our responsibility for. And so we need to address this. We need to demonstrate leadership. That's what we're trying to do, address that core problem and ensure that our financial markets stabilize, our … (01:20–01:26)

CLAIM

Asserts that the U.S. bears significant responsibility for financial market instability.

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David McCormick

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