03/04/2009
https://www.congress.gov...
"Excuse me for interrupting. But if in January of last year you had started the rulemaking on this, you would be probably done now or close to it."
"In order to avoid this problem, could HUD require lenders to set up an escrow account..."
"It's too soon to tell."
"We'd lose those jobs. We'd lose that economic activity."