Yes, we do. I am sure the gentleman would agree that not only are Federal observers there to see that the money is going to foreclosures, but they are also there to see that the banks are lending, to see that it's going to community banks, to the smaller banks, to see that it's going to small businesses. We have got car dealerships that are going out of business, which are job-sensitive. That is basically what they do, create jobs and have jobs there. So we want the money to be in a position where we have access and we have direct attention and observance to make sure this money is going to the places where it's needed most, which is keeping folks in their homes and keep folks in their jobs.
Austin Scott: “Yes, we do. I am sure the gentleman would agree that not only are Federal observers there to see that the money is going…”
On the recordJanuary 22, 2009
Source
govinfo.govEditor's note · Context
Discussing the role of federal observers in ensuring funds are allocated to foreclosures and small businesses.
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