Political Quotes

On the recordJanuary 22, 2009
I voted for it. I believe that they were a response to what we have seen is a lack of transparency, a lack of as much accountability as the taxpayer has the right to expect, and also the failure of the TARP funds already approved to help average people around this country who are faced with losing their homes, having their mortgages foreclosed on. The legislation that we passed yesterday, in a bipartisan vote, as you know, was legislation which said we ought to have greater accountability, greater transparency so the American public knows how their money is being spent and also that we need to have a greater focus on Main Street, not exclusively on Wall Street. I think the American public are for that legislation. I would hope the Senate would pass it. Very frankly, I will tell my friend one of the problems that it has in the Senate is that there is a large number of Members in your party, I believe, who are not for money being diverted to mortgage relief. I disagree with that as a policy, but the issue is whether they can get 60 votes to take it up. I tell the gentleman I'm hopeful that they will.
Said by
Steny Hoyer
Democratic · Maryland

Editor's note · Context

Discussing the need for accountability and transparency in TARP funds and mortgage relief legislation.

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