Video archive of the US Congress

House Proceeding on May 7th, 2008 :: 0:25:43 to 0:27:00
Total video length: 36 minutes Stream Tools: Stream Overview | Edit Time

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Keith Ellison

0:24:26 to 0:25:43( Edit History Discussion )
Speech By: Keith Ellison

Keith Ellison

0:25:32 to 0:25:43( Edit History Discussion )

Keith Ellison: pro tempore: without objection. mr. ellison: mr. speaker, every day between 7,000 and 8,000 people file for foreclosures on their homes. in the next two years one in 33 homeowners is projected

Barbara Lee

0:25:43 to 0:25:53( Edit History Discussion )

Barbara Lee: to be in foreclosure as a result of subprime loans. but the housing crisis doesn't only affect families losing their homes, an additional 40 million neighboring homeowners could see their property values

Barbara Lee

0:25:43 to 0:27:00( Edit History Discussion )
Speech By: Barbara Lee

Barbara Lee

0:25:53 to 0:26:05( Edit History Discussion )

Barbara Lee: drop. when 44% of all homeowners likely to feel the ripple effect of foreclosures from subprime loans. and the overall impact is not -- does not end in the housing market. the ripple effects

Barbara Lee

0:26:05 to 0:26:17( Edit History Discussion )

Barbara Lee: are felt throughout the economy or the reduction in economic activity ansevere job loss. mr. speaker, we simply cannot turn our nation's economy around without properly addressing the housing crisis and

Barbara Lee

0:26:17 to 0:26:28( Edit History Discussion )

Barbara Lee: that is exactly what we plan to do this week. today house democrats will bring a package of housing bills to the house floor that will address the current housing crisis while also seeking to prevent

Barbara Lee

0:26:28 to 0:26:43( Edit History Discussion )

Barbara Lee: the problem from getting worse. these bills are the appropriate response to a problem that is affecting our families, our communities, and our overall economy. i hope it receives bipartisan support

Barbara Lee

0:26:43 to 0:27:00( Edit History Discussion )

Barbara Lee: that it deserves, mr. speaker. with that i yield back. thank you. the speaker pro tempore: the gentleman's time has expired. the gentlewoman from california. ms. lee: i ask unanimous consent to

0:27:00 to 0:27:13( Edit History Discussion )

address the house for one minute. the speaker pro tempore: without objection. ms. lee: thank you, mr. speaker. i rise today to recognize world aids orphans day which is commemorated every year on may

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