These were the mortgages that were then packaged and then sold to investors because, of course, they were grade A, and they would make them a lot of money. What happened here is they took this one tranche, and then they brought it over here. Now they are B grade. So how do you take something that is a B grade and make it investment quality?
Share & report
More from Jackie Speier
In honor of the 47th anniversary of Roe v. Wade on January 22, I rise for the 1-in-4 women in America who have had an abortion, and the 1-in-3 women living in a State where abortion would be banned if Roe was overturned. On March 4, the…
I thank the gentlewoman for yielding. I want to compliment her on a profound, articulate, and accurate statement of what is wrong with what is going on in this country and what is going on wrong in this body. As one of the co-chairs of the…
I thank the gentlewoman from Texas for her comments, and I thank Madam Speaker for allowing us to have this Special Order hour to talk about families in America and what the Build Back Better plan will do to make sure that families have…
I would ask the Congresswoman, before she leaves, she has also served in the military, and as she called upon this being an economic issue, is it not also a national security issue?
Other voices in this conversation
