House Proceeding 01-14-09 on Jan 14th, 2009 :: 1:53:20 to 1:54:45
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1:53:16 to 1:53:37( Edit History Discussion )

Anna G. Eshoo: last speaker before i will close. so i now yield two minutes to the the gentlewoman from california, ms. eshoo. ms. eshoo: i rise to engage in a colloquy with the chairman of the financial services committee, mr. frank. when congress originally drafted the emergency economic

1:53:20 to 1:54:45( Edit History Discussion )
Speech By: Anna G. Eshoo

1:53:38 to 1:54:00( Edit History Discussion )

Anna G. Eshoo: stablization act of 2008, i worked with the chairman to ensure that local governments would be covered under the troubled assets relief program. and the reason that we need to do this was that there were so many that had invested in very conservative instruments i lehman brothers.

1:54:01 to 1:54:21( Edit History Discussion )

Anna G. Eshoo: in my congressional district in san mateo county, they have lost 50 million in lehman brothers' securities and they are not alone. 19 cities and counties, commonwealth of massachusetts as well as hundreds of other local governments across the country have incurred losses like this. the losses have resulted in

1:54:22 to 1:54:42( Edit History Discussion )

Anna G. Eshoo: teachers being laid off, the termination of ongoing construction projects and the reduction of so many of the critical services that o constituents rely on every day. my intention today is to confirm authority granted to the treasury secretary in the emergency stablization act of emergency stablization act of

1:54:43 to 1:54:46( Edit History Discussion )

Anna G. Eshoo: 2008 and the urgency of the future secretary of the treasury