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Senate Proceeding on Jun 19th, 2008 :: 7:22:33 to 7:25:02
Total video length: 9 hours 29 minutes Stream Tools: Stream Overview | Edit Time

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7:22:18 to 7:22:33( Edit History Discussion )

hurt and, i mean seriously hurt, as a result. and more equally importantly, it sort of continued a process of depressing the market and driving it downwards. so i'm glad that we're here final li lally and i hope

Christopher Dodd

7:22:33 to 7:22:47( Edit History Discussion )

Christopher Dodd: we can get this done because it is long overdue. but we can't allow the acute crisis in the immediate foreclosure subprime effect to t also cloud the other opportunities that are presented in this

Christopher Dodd

7:22:33 to 7:25:02( Edit History Discussion )
Speech By: Christopher Dodd

Christopher Dodd

7:22:47 to 7:23:03( Edit History Discussion )

Christopher Dodd: bill, and the comprehensiveness of this bill, the g.s.e. reform, the f.h.a. reform, the foreclosure protection act -- there is a provision in here for vrntses, which i have sponsored -- all of

Christopher Dodd

7:23:03 to 7:23:13( Edit History Discussion )

Christopher Dodd: those, i think, are important components of this. but there's also another part of the housing crisis, and it is being addressed in this legislation, and that is the on ongoing and deepening shortage

Christopher Dodd

7:23:13 to 7:23:25( Edit History Discussion )

Christopher Dodd: of affordable rental house housing in our country. so i was very pleased that the national affordable housing trust fund was included in the housing and economic recovery act and that would produce

Christopher Dodd

7:23:25 to 7:23:38( Edit History Discussion )

Christopher Dodd: about 1.5 million affordable rental housing units for our poorest families over the next decade. as the original author of this legislation, i know what it's going to be able to do. when i had the privilege

Christopher Dodd

7:23:38 to 7:23:49( Edit History Discussion )

Christopher Dodd: of serving on the banking committee and serving as chairman of the housing subcommittee, i worked with some of the staff that are still here -- jonathan miller and others who pepped helped pull this

Christopher Dodd

7:23:49 to 7:24:02( Edit History Discussion )

Christopher Dodd: together -- in an effort to create a trust fund that will help us provide funding. that's why i strongly oppose the bond amendment to make contributions to the trust fund by man fannie mae and freddie

Christopher Dodd

7:24:02 to 7:24:12( Edit History Discussion )

Christopher Dodd: mac voluntarily. i see the chairman is standing, and let me -- mr. dodd: will my colleague yield for 30 seconds? i want to propound a unanimous nsent request here. i gather it has been cleared on

Christopher Dodd

7:24:12 to 7:24:25( Edit History Discussion )

Christopher Dodd: the minority. madam president, i ask unanimous consent that on about -- mr. kerry: thank you. the presiding officer: the senator from massachusetts. mr. kerry: what i was saying in a most important

Christopher Dodd

7:24:25 to 7:24:35( Edit History Discussion )

Christopher Dodd: moment was that i think the bond amendment, to make these contributions voluntarily contributionsvolume tearks is the wrong amendment wand would have a very very, very damaging impact in our ability to be

Christopher Dodd

7:24:35 to 7:24:48( Edit History Discussion )

Christopher Dodd: able to deal with rental housing and the rent rental housing crisis. let me just explain why. fannie mae and freddie mac already have requirements to assist low- and moderate-income families to obtain

Christopher Dodd

7:24:48 to 7:25:02( Edit History Discussion )

Christopher Dodd: critical housing. and wh at we do in this bill is take excess funding that is produced in housing. it's not often you have a program that is producing excess funding and then there'sn still need in that

Christopher S. Bond

7:25:02 to 7:25:27( Edit History Discussion )

Christopher S. Bond: particular sector, so you could actualouly take the excess and put it back into that sector and address the need. we create that excess through the f.h.a. lending insurance program, and what we do is

Christopher S. Bond

7:25:02 to 7:26:33( Edit History Discussion )
Speech By: Christopher S. Bond

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