There was significant reform of the mortgage industry with the Wall Street Reform and Consumer Protection Act, and there was also a provision--well, it wasn't in the Wall Street Reform Act, but there is a debate going on now here in Congress and in the Senate about what to do with this executive pay, with this 300-1 ratio. That is the question of: Do we continue the middle class tax cuts, and do we let the tax cuts expire that the Bush administration put in for the high and the mighty and the wealthy?
John Garamendi: “There was significant reform of the mortgage industry with the Wall Street Reform and Consumer Protection Act, and there…”
Editor's note · Context
The speaker discusses mortgage industry reform and the debate over executive pay and tax cuts.
Share
More from John Garamendi
There is now overwhelming evidence that Secretary McMahon has violated the law by dismantling and transferring congressionally mandated programs including ones that protect students from discrimination.
We write in opposition to the Office of Management and Budget’s disastrous and likely unlawful proposed rule that would devastate American health care innovation for generations.
But Congress has been clear: we do not impeach over policy differences; we impeach when the law has been broken.
With House passage of this important legislation, the HOME Investment Partnerships Program will, for the first time since 1994, be modernized and brought into the 21st century.





