House Proceeding 04-29-09 on Apr 29th, 2009 :: 3:22:15 to 3:24:15
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3:22:06 to 3:22:26( Edit History Discussion )

Michael E. Capuano: pretty obvious what happened within the first couple of years, subprime loans were reasonable in the number given out this entire time, the house was controlled by the republican party. the entire time of this chart. as you can see from this hashed section, that's when the white house was taken by the republican party.

3:22:15 to 3:24:15( Edit History Discussion )
Speech By: Michael E. Capuano

3:22:27 to 3:22:47( Edit History Discussion )

Michael E. Capuano: you can e what happened to subprime loans. they skycketed. they skyrocketed and they didn't stop until 2008. actually they didn't stop they started slowing down in 2008 and stopped in 2009.

3:22:48 to 3:23:09( Edit History Discussion )

Michael E. Capuano: what happened in 2007 was that democrats took over the house and they passed legislation to deal with this. that same legislation, or similar, i shouldn't say the same, but similar legislation was passed through the financial services committee in the year 2005 that would have done the same things earlier.

3:23:10 to 3:23:31( Edit History Discussion )

Michael E. Capuano: now it wouldn't have stopped the problems, but it would have lessened the problems. this chart speaks for itself. it is amazing to me that people can blame others when the ones on the receiving end of that did not control that th house, did not control the senate, did

3:23:32 to 3:23:52( Edit History Discussion )

Michael E. Capuano: not control the administration, did not control any of the appointments to any of the regulatory agencies, yet somehow they can be blamed for a lack of action. that is unbelievable rewriting of history. unbelievable. i just think the people who know the facts will draw their own conclusions.

3:23:53 to 3:24:13( Edit History Discussion )

Michael E. Capuano: with that, i'd like to yeelingd to the gentleman from colorado for as much time as he might want. >> thank i have a chart that shows what

3:24:14 to 3:24:15( Edit History Discussion )

Michael E. Capuano: was done under in the republican congress and