On the recordJune 9, 2010
Madam Speaker, I would just remind the body that we're here on the FHA bill, the reformation of FHA which my friends have applauded, and that's really what we're here to talk about, a savings of $2.5 billion, more accountability from FHA, which has had to fill a vacuum in the housing market because of the loss of so many lenders who got so involved with sub-prime loans. So I'd also say to my friend Mr. Garrett, Madam Speaker, that I think that sometimes if you take a look at the past actions that we saw under the Republican Party and their failure to rein in Fannie Mae and Freddie Mac, rein in a Wall Street that was out of control, cut taxes and not pay for wars, that gives you an idea of what they may be doing in the future. And that's what the people of this country want to have an idea of what to expect, and looking back at the past actions, I would say, gives you a good indication. With that, I yield 2 minutes to my friend from Texas, Ms. Jackson Lee. (Ms. JACKSON LEE of Texas asked and was given permission to revise and extend her remarks.)
