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House Proceeding on Dec 11th, 2009 :: 1:02:10 to 1:03:25
Total video length: 1 hours 47 minutes Stream Tools: Stream Overview | Edit Time

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Lamar S. Smith

1:02:06 to 1:02:26( Edit History Discussion )

Lamar S. Smith: i compliment ms. lofgren from california who couldn't be here because she's been a real stalwart mov with that i reserve the balance of my time. the chair: the gentleman reserves. for what purpose does the gentleman from virginia rise? >> to claim the time in opposition. the chair: the gentleman is

Lamar S. Smith

1:02:10 to 1:03:25( Edit History Discussion )
Speech By: Lamar S. Smith

Lamar S. Smith

1:02:27 to 1:02:47( Edit History Discussion )

Lamar S. Smith: rec mr. goodlatte: thanyou, madam chairman. at this moment i'm pleased to yield a m from texas, the ranking member of the judiciary committee. texas is recognized for one minute. mr. smith: i thank the gentleman from virginia, mr. goodlatte, the deputy ranking member of the judiciary committee, for yielding me

Lamar S. Smith

1:02:48 to 1:03:08( Edit History Discussion )

Lamar S. Smith: time. madam chair woman, those who confront mortgage foreclosures are understandably in a difficult situation. but this bankruptcy amendment will only lead to a worse situation for everyone. the number one cause of foreclosures today is job loss. the number two cause is homes that are mortgaged for more than they are worth. sending these homeowners with

Lamar S. Smith

1:03:09 to 1:03:25( Edit History Discussion )

Lamar S. Smith: these problems into chapter 13 ups bankruptcy will not solve at all. they don't have the income required that is required to file chapter 13 bankruptcy. and those should honor the mortgages for which they freely contracted. allowing bankruptcy courts to cram down mortgage principal will only lead to higher

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