Video archive of the US Congress

House Proceeding 03-05-09 on Mar 5th, 2009 :: 0:56:45 to 0:57:35
Total video length: 1 hours 29 minutes Stream Tools: Stream Overview | Edit Time

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Bob Goodlatte

0:56:42 to 0:57:02( Edit History Discussion )

Bob Goodlatte: the chair: the gentleman from georgia has two minutes. and the gentlelady from california has four minutes. mr. price: i'm pleased to yield my friend for two minutes. > yielding me time. i'm pleased to support his amendment which addresses a serious problem that's in the underlying bill that is not corrected by the manager's

Bob Goodlatte

0:56:45 to 0:57:35( Edit History Discussion )
Speech By: Bob Goodlatte

Bob Goodlatte

0:57:03 to 0:57:23( Edit History Discussion )

Bob Goodlatte: amendment and that is that the cramdown bill will reduce the incentive for many solvent borrowers to keep making payments on their mortgages. while there are three million borrowers who are 60 days or more delinquent on their mortgages, 52 million borrowers remain current in their payments . the cramdown bill gives

Bob Goodlatte

0:57:24 to 0:57:35( Edit History Discussion )

Bob Goodlatte: struggling but still solvent borrowers a -- a way to go into bankruptcy to cram down their mortgage principal and restructure or eliminate all of

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