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House Proceeding 09-29-08 on Sep 29th, 2008 :: 0:14:52 to 0:16:48
Total video length: 1 hours 32 minutes Stream Tools: Stream Overview | Edit Time

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Bob Inglis

0:13:14 to 0:14:52( Edit History Discussion )
Speech By: Bob Inglis

Bob Inglis

0:14:38 to 0:14:52( Edit History Discussion )

Bob Inglis: from ohio for two minutes. the speaker pro tempore: the gentleman from oo is recognized for two minutes. mr. kucinich: i thank the gentleman. today we are being told what's good for wall street

Dennis J. Kucinich

0:14:52 to 0:15:07( Edit History Discussion )

Dennis J. Kucinich: is good tore main street. yet this bailout plan will fail to keep families in their homes. treasury will own troubled assets without any control. in terms of -- terms of bad mortgages cannot

Dennis J. Kucinich

0:14:52 to 0:16:48( Edit History Discussion )
Speech By: Dennis J. Kucinich

Dennis J. Kucinich

0:15:07 to 0:15:17( Edit History Discussion )

Dennis J. Kucinich: be changed absent controlling share of underlying securities. to support this legislation you think it would keep people in their homes, think again. in fact, treasury will not be able to

Dennis J. Kucinich

0:15:17 to 0:15:30( Edit History Discussion )

Dennis J. Kucinich: change the terms of bad mortgages because the act does not require treasury to purchase a controlling share and the underlying mortgage-backed securities and clalerlyized de obligations. the secretary will

Dennis J. Kucinich

0:15:30 to 0:15:44( Edit History Discussion )

Dennis J. Kucinich: be powerless to make any real and substantive change in the terms of mortgages. The secretary will have no power to avoid foreclosures and keep families in their homes. Last night I received a letter

Dennis J. Kucinich

0:15:44 to 0:15:55( Edit History Discussion )

Dennis J. Kucinich: from frankfr alexanderer, professor of law at emory university. he's testified before my subcommittee on domestic policy on targeting federal assistance to h elp neighborhoods affected by the foreclosure

Dennis J. Kucinich

0:15:55 to 0:16:07( Edit History Discussion )

Dennis J. Kucinich: crisis. he's an expert on housing law. with unanimous consent i would like to put his letter in the record. the speaker pro tempore: without objection, so ordered. . mr. kucinich: he clearly

Dennis J. Kucinich

0:16:07 to 0:16:18( Edit History Discussion )

Dennis J. Kucinich: demonstrated the act will not fulfill its stated goal of preserving home ownership, unless the tressasury is forced to hold controlling assets ing mortgages, they will only hold bad assets without

Dennis J. Kucinich

0:16:18 to 0:16:32( Edit History Discussion )

Dennis J. Kucinich: the power to fix them. the lack of debt relief to i di stressed households is behind the financial crisis and the deepening recession. with $700 billion directed toward trying to save homes, we could

Dennis J. Kucinich

0:16:32 to 0:16:48( Edit History Discussion )

Dennis J. Kucinich: stimulate the economy and give real economic security to millions on main street, but that's not what this bill is about. it's about wall street. what's good for wall street is good for main

Todd Tiahrt

0:16:48 to 0:17:04( Edit History Discussion )

Todd Tiahrt: street? not today. the speaker pro tempore: the gentleman yields back his time. the gentlewoman from florida. >> i recognize mr. tiahrt for one minute. the speaker pro tempore: the gentleman

Todd Tiahrt

0:16:48 to 0:18:05( Edit History Discussion )
Speech By: Todd Tiahrt

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