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Video archive of the US Congress

Senate Proceeding on Jun 19th, 2008 :: 2:35:01 to 2:36:16
Total video length: 9 hours 29 minutes Stream Tools: Stream Overview | Edit Time

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Christopher S. Bond

2:15:09 to 2:35:01( Edit History Discussion )
Speech By: Christopher S. Bond

Christopher S. Bond

2:34:50 to 2:35:01( Edit History Discussion )

Christopher S. Bond: loan to buy or refinance a home or get a home equity line of credit, you're confronted with piles an piles of paperwork and legal jargon. ar i've had the pleasure of getting three new loans in the last

Christopher Dodd

2:35:01 to 2:35:19( Edit History Discussion )

Christopher Dodd: five years from a local banker who doesn't do subprimes. and each time i have gone through -- i have gone through the disclosure rierpts on closing and there is a stack of paper several inches thick that

Christopher Dodd

2:35:01 to 2:36:16( Edit History Discussion )
Speech By: Christopher Dodd

Christopher Dodd

2:35:19 to 2:35:33( Edit History Discussion )

Christopher Dodd: is written in legal jargon. i used to be a lawyer, and while i can read those documents, i can assure you that they're noty' easy to understand for somebody who's not ann expert in the area and i assume

Christopher Dodd

2:35:33 to 2:35:45( Edit History Discussion )

Christopher Dodd: that i'm like most homeowners who can't read through all of it and wouldn't find it particularly edifying if they did. questions are when the low-income homeowners who have fallen into problems responded

Christopher Dodd

2:35:45 to 2:36:02( Edit History Discussion )

Christopher Dodd: to my question about why they didn't ask questions, they were met with, don't worry about that or we'll fix that later. and i can assure you that those things don't get fixed quietly after you sign

Christopher Dodd

2:36:02 to 2:36:16( Edit History Discussion )

Christopher Dodd: the papers. congress passed the original truth in lending act and applied it to home loans. we knew then that most people did not take the time or have the ability to read and understand the fine

Chuck Grassley

2:36:16 to 2:36:32( Edit History Discussion )

Chuck Grassley: print of a mortgage loan document. however, t he protections in the truth in lending act were written long ago and woefully outdated. they were written when most people bought a home with a 30-year

Chuck Grassley

2:36:16 to 2:51:09( Edit History Discussion )
Speech By: Chuck Grassley

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