Video archive of the US Congress

House Proceeding 01-14-09 on Jan 14th, 2009 :: 0:21:45 to 0:23:15
Total video length: 1 hours 57 minutes Stream Tools: Stream Overview | Edit Time

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Ellen O. Tauscher

0:21:41 to 0:22:02( Edit History Discussion )

Ellen O. Tauscher: across the board. if we that and come up with a comprehensive plan, maybe we can work our way out of this but we certainly can't do it by throwing more money at the problem. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from massachusetts. mr. frank: mr. chairman, california has been one of the epee centers of this foreclosure

Ellen O. Tauscher

0:21:45 to 0:23:15( Edit History Discussion )
Speech By: Ellen O. Tauscher

Ellen O. Tauscher

0:22:03 to 0:22:24( Edit History Discussion )

Ellen O. Tauscher: crisis and the agents working together and someone leading the effort is the gentlewoman from california, mrs. tauscher. mrs. tauscher: i rise to engage in a colloquy with chairman frank. i want to thank chairman frank for his leadership and for crafting this very, very important bill. i've been very proud to work on this issue with my colleague, subcommittee chairwoman waters. the head of our congressional

Ellen O. Tauscher

0:22:25 to 0:22:45( Edit History Discussion )

Ellen O. Tauscher: delegation, ms. lofgren, and mr. cardoza, from a neighboring district of mine in california. in california we have among the highest rates of foreclosure in the country. 68% of the home sales in my district are foreclosed properties. home values in the bay area have fallen 40% since their peak in 2007. further, thousands of my

Ellen O. Tauscher

0:22:46 to 0:23:06( Edit History Discussion )

Ellen O. Tauscher: constituents owe more than their home's value and have little incentive to stay in their homes. i appreciate the efforts of the chairman and the committee to work to direct a proportion of tarp funds to foreclosure mitigation. and i thank you, mr. chairman, for including language in this bill that will address areas with high foreclosure rates. for too long we have not

Ellen O. Tauscher

0:23:07 to 0:23:15( Edit History Discussion )

Ellen O. Tauscher: addressed this crisis. as we move forward with is legislation, i'd like to continue to work with chairman frank and the committee to address the areas hardest hit by foreclosure rates, declining

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