Video archive of the US Congress

House Proceeding on Jan 15th, 2009 :: 0:35:55 to 0:37:20
Total video length: 2 hours 17 minutes Stream Tools: Stream Overview | Edit Time

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Jesse L. Jr.Jackson

0:35:51 to 0:36:11( Edit History Discussion )

Jesse L. Jr.Jackson: with us that we should try to abate foreclosure, not just a matter of compassion but trying to solve our economic problem. i now yield two minutes to the gentlewoman from texas. the chairman: the gentlewoman from texas is recognized for two minutes. ms. jackson lee: i ask unanimous consent to revise and extend. the chairman: without objection. ms. jackson lee: let me thank

Jesse L. Jr.Jackson

0:35:55 to 0:37:20( Edit History Discussion )
Speech By: Jesse L. Jr.Jackson

Jesse L. Jr.Jackson

0:36:12 to 0:36:33( Edit History Discussion )

Jesse L. Jr.Jackson: the chairman very much. i remember the haggling previously in the last year about this bill. and one of the issues was the veto threat of the president in not allowing us to add language earlier. we fought for it. let me thank the chairman for what we've all fought for over the years, over the last couple of months and that is the amount of, if you will, mortgage setaside money. i want to announce that over and over again.

Jesse L. Jr.Jackson

0:36:34 to 0:36:55( Edit History Discussion )

Jesse L. Jr.Jackson: there is money included in here that will directly work with my constituents, who i sat down at her kitchen table, she had a home she could afford except for the adjustable rate. i want to thank you for that. we all want more. we're starting out in that direction to be able to focus on mortgage workout. mr. chairman, i'd like to

Jesse L. Jr.Jackson

0:36:56 to 0:37:16( Edit History Discussion )

Jesse L. Jr.Jackson: engage in a colloquy at this time. quickly, the treasury department has yet to issue the necessary guidelines for about 3,000 additional private banks. most of them are set up as partnerships with no more than 100 shareholders. they're not able to issue preferred shares to the government in exchange for capital injections as other banks.

Jesse L. Jr.Jackson

0:37:17 to 0:37:22( Edit History Discussion )

Jesse L. Jr.Jackson: however, they are very vital to the inner city.

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