"My problem with the way this has been approached is this. We know that tons of cocaine was coming out of Nicaragua during the time of the confrontation between the Sandinistas and the Contras."
"We also know that drug dealers such as Danilo Blandon, who brought cocaine into Los Angeles that was cooked into crack by Ricky Ross, who is getting out of prison--just got out of prison now, who told..."
"They never delved into why and how all of these tons of cocaine was coming into first Los Angeles, cooked into crack cocaine and spread out across this country."
"That basically describes what has happened with the arrest and convictions of these young Black men for the most part."
"I have been working with Mr. Damon Lester for months now as he has walked these halls trying to get some attention to what has been happening with the minority auto dealers."
"Unfortunately all of that seems to be at risk at this point as we look at what is happening with the major manufacturers."
"There are those who would like to stay in business and would like to have some assistance."
"And should do that. And additionally, if inventory was forced upon dealers that is creating a liability for them, should not that information be made available and documented for the bankruptcy court?"
"As the government considers the assistance that they are going to give to the manufacturers, could not a case be made that the liability costs be assumed in whatever TARP funding may be forthcoming."
"We may still have a role to play in all of this; and that role has to do with negotiating with this Administration about what they are going to do to help ease the pain on these dealers."
"We lost the battle to have control of the second $350 billion, as you know. It is all over in the Administration with a lot of flexibility."
"Thank you very much, Chairman Frank, for convening today's hearing on the Section 8 Voucher Reform Act."