House Proceeding 02-26-09 on Feb 26th, 2009 :: 0:14:35 to 0:16:55
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0:14:32 to 0:14:52( Edit History Discussion )

William D. Delahunt: that associated with the chapter 13 bankruptcy. 15 more seconds. there's no reason to believe that the costs of mortgage credit across all mortgage loan products should rise. that's a republican economist.

0:14:35 to 0:16:55( Edit History Discussion )
Speech By: William D. Delahunt

0:14:53 to 0:15:15( Edit History Discussion )

William D. Delahunt: i now yield my dear friend, william delahunt, from massachusetts himself a distinguished member of the attorney general's office in massachusetts, two min the chair: the gentleman is recognized for two minutes. . mr. delahunt: last year in the

0:15:16 to 0:15:36( Edit History Discussion )

William D. Delahunt: united states, two million homes went into foreclosure and if we don't act soon, today, then our entire economy is at risk. that's how we got here to begin with. and what i find particularly disturbing is that the people

0:15:37 to 0:15:59( Edit History Discussion )

William D. Delahunt: who got us in this mess now oppose the bill. they prefer to have the taxpayers cover their losses and have them continue to build them out. on the cover of the recent -- the most recent issue of "businessweek" -- not a

0:16:00 to 0:16:21( Edit History Discussion )

William D. Delahunt: democratic publication by the way -- this is what it says on the cor. home wreckers, how the banks are making the foreclosure crisis worse. and here's what is their take on this issue in this kind of legislation. i'm reading, quoting, the bad mortgages that started the

0:16:22 to 0:16:42( Edit History Discussion )

William D. Delahunt: current financial crisis have produced a terrifying wave of home foreclosures. unless this rge eases, even the most extravagant federal stimulus spending won't spur economic recovery. one reason foreclosures are so ram pant is that the banks and

0:16:43 to 0:16:57( Edit History Discussion )

William D. Delahunt: their advocates in washington have delayed, diluted and obstructed attempts like this to address the problem.