No bill is a perfect bill and rarely is a bill enacted exactly as it is introduced. But H.R. 848 provides us with a good starting point.
Russell Waters
The Public Record
So you are about to introduce a lot more money under the TALF, is that right?
Yes, I just want to know, how much do you have authority to deal with? Where does it come from?
Let me just say to our captains of the universe who are sitting here before us that it seems that, all of my political life, I have been in disagreement with the banking and mostly financial services community because of practices that I have believed to be not in the best interest always of the very people that they claim to serve.
I have been through the red-lining fights. I have been on the fights of discriminatory practices over the years and a lack of business lending and available capital to small and minority businesses.
I think it is important for us to understand why you paid yourself fees on the money that we gave you.
I would like to thank Wells Fargo for the response that you gave me when I brought to your attention how poor your loan modification work is under your servicing company.
The taxpayers of America are very, very upset about the fact that they allowed the banks to borrow their money.





