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Video archive of the US Congress

House Proceeding on Jul 23rd, 2008 :: 2:14:37 to 2:19:25
Total video length: 2 hours 55 minutes Stream Tools: Stream Overview | Edit Time

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Maxine Waters

2:12:02 to 2:14:37( Edit History Discussion )
Speech By: Maxine Waters

Maxine Waters

2:14:26 to 2:14:37( Edit History Discussion )

Maxine Waters: of court documents, state documents and police reports from 2000 to 2007. over 5,000 people with criminal histories during that time became loan originators. a rate of nearly two a day. worse,

Tom Price

2:14:37 to 2:14:50( Edit History Discussion )

Tom Price: those include over 2,000 who had committed financial crimes such as fraud, money laundering, and grand theft. too many of our neighbors were outright lied to and steered into unaffordable, exploding

Tom Price

2:14:37 to 2:19:25( Edit History Discussion )
Speech By: Tom Price

Tom Price

2:14:50 to 2:15:02( Edit History Discussion )

Tom Price: adjustable rate mortgages without being given an option for a fixed rate and are now facing foreclosure, which harms their families and all of us in their community. new to accompany this

Tom Price

2:15:02 to 2:15:20( Edit History Discussion )

Tom Price: extensive package what has been added that really has not been voted on by the house to date is a request by the treasury secretary for -- for new standby authority to buy stock or debt

Tom Price

2:15:20 to 2:15:34( Edit History Discussion )

Tom Price: in the g.s.e.'s, if it is determined that an emergency exists. this is something of an insurance policy against broader losses in the housing market that could bubble up. mr. speaker, our

Tom Price

2:15:34 to 2:15:47( Edit History Discussion )

Tom Price: efforts here today are absolutely necessary. families across this country are depending on us. it's fortunate that while the house -- unfortunate that while the house and the new direction congress

Tom Price

2:15:47 to 2:16:01( Edit History Discussion )

Tom Price: has been focused on affordable housing over the past year and a half and has passed terrific substantive legislation, that now it's taken a few months to get it enacted and passed in the

Tom Price

2:16:01 to 2:16:14( Edit History Discussion )

Tom Price: end. thanks again to chairman barney frank for headlining our negotiations with the other body and with the white house and i feel secured that a large bipartisan vote here today will prove

Tom Price

2:16:14 to 2:16:28( Edit History Discussion )

Tom Price: that we can stand up and address this housing crisis across this country. i reserve the balance of my time. the speaker pro tempore: the gentlelady reserves the balance of her time. the gentleman

Tom Price

2:16:28 to 2:16:41( Edit History Discussion )

Tom Price: from texas. mr. sessions: thank you, mr. speaker. mr. speaker, i flies strong opsition to this rule and to the underlying legislation. . which is prove of -- proof of not only the democrat majority's

Tom Price

2:16:41 to 2:16:52( Edit History Discussion )

Tom Price: careless disregard for the american taxpayer, but also their complete disregard for the t energy crisis fa cing americans today. mr. speaker, today you'll hear the other side of the story.

Tom Price

2:16:52 to 2:17:07( Edit History Discussion )

Tom Price: this legislation submitted late last night after the house had already finished its business for the day is proof that when the democrats want to bring legislation to the floor in a hurry,

Tom Price

2:17:07 to 2:17:22( Edit History Discussion )

Tom Price: they're very capable of that. it's just too bad that we aren't seeing some energy legislation which would make a difference to consumers all across america. mr. speaker, despite the pleas

Tom Price

2:17:22 to 2:17:37( Edit History Discussion )

Tom Price: of working families and small businesses across the country, democrats have failed on every occasion to treat this serious issue of high energy costs with the same level of urgency that

Tom Price

2:17:37 to 2:17:52( Edit History Discussion )

Tom Price: they're bringing to this debate over this massive bailout of two private companies. this is not to say that there are not good parts to this hastily-negotiated legislation. while i believe

Tom Price

2:17:52 to 2:18:06( Edit History Discussion )

Tom Price: that congressman terry, myself and a number of other republicans had a better, more effective proposal, the inclusion of the first time home buyer credit is wise and has the potential to help reinvigorate

Tom Price

2:18:06 to 2:18:21( Edit History Discussion )

Tom Price: our slumping housing and home building markets. additionaly, i support the establishment of a more robust and complete, competent regulator of the g.s.e.'s which will return confidence to the --

Tom Price

2:18:21 to 2:18:32( Edit History Discussion )

Tom Price: confident to the marketplace and make sure that these entities operate in a safe manner, maintaining adequate capital and internal controls and to contribute to the liquid, efficient, competitive

Tom Price

2:18:32 to 2:18:48( Edit History Discussion )

Tom Price: and resilient national housing financial markets that minimize the cost of housing finance. if they were all that the bill did, i am confident that the bill would pass this house unanimously.

Tom Price

2:18:48 to 2:18:58( Edit History Discussion )

Tom Price: unfortunately, there are a number of -- a number of extraneous provisions cynically added by the democrat majority to an emergency bill that they are bringing to the floor today under a rushed

Tom Price

2:18:58 to 2:19:10( Edit History Discussion )

Tom Price: and closed process that either weaken the financial position of the g.s.e.'s that they claim to be helping and providing a taxpayer bailout of reckless financial behavior or simply it just

Tom Price

2:19:10 to 2:19:25( Edit History Discussion )

Tom Price: does not make logical sense. more perplexing of all is the logical inconsistency underlying the entire bill. on one hand, this congress is being asked to declare an emergency and authorize the use

Cathy Castor

2:19:25 to 2:19:35( Edit History Discussion )

Cathy Castor: of unlimited taxpayer funds to become a part of the fannie mae and freddie mac problem while also raising the debt limit by $800 billion to lends these companies as much money as they may

Cathy Castor

2:19:25 to 2:20:37( Edit History Discussion )
Speech By: Cathy Castor

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