On the recordMay 7, 2008
I think it's a flaw and I don't think it's a flaw that can't be redeemed. It can be very easily corrected. It doesn't help the underlying policy objections to the bill. But $15 billion put out there without any requirement whatsoever as it relates to a prohibition against self-dealing, a member of the housing development authority of a particular municipality calling up a cousin and saying, hey, come on by here, we just purchased this foreclosed property for $100,000, I'll sell it to you for $75,000, there's nothing in here. Notwithstanding the plan language, notwithstanding any other declaration of the majority, it is silent, and we can do much, much better.
Source
govinfo.gov
