Political Quotes

“I rise in support of the manager's amendment to H.R. 384, the ``TARP Reform and Accountability Act of 2009.'' Let me begin by thanking the distinguished chairman of the Committee on Financial Services for his fine work on H.R. 384, as well as for his cooperation in the past in my efforts to ensure that TARP funds were made available to the domestic automotive industry, as well as to domestic automotive financing companies. I look forward to working with him in the future to see that TARP funds are properly allocated and their use and effectiveness be subject to impartial oversight by the Congress. As debate on the use of TARP funds has progressed, I have consistently maintained that recipients of those funds all be subject to uniform oversight requirements. It pleases me that the manager's amendment to H.R. 384 includes additional public reporting requirements for entities that have received or will receive TARP funds in the future. The question of oversight aside, I have also long maintained that the root of the Nation's current economic crisis lies in the collapse of the housing market.”