I am just going to voice my objections to that bankruptcy cramdown provision that is moving through Congress because if the ultimate objective of this committee and this Chamber is to see a recovery in the housing industry, we have to do what we can do to encourage capital back into the system, not force it out of the system.
Opposes bankruptcy cramdown provision, arguing it harms future homebuyers and capital flow.
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I think the viable question for the American people is whether or not you have a progressive prosecutor using the justice system to go after political enemies for a political splash.
This is a matter of real substance for the independence of the Fed and the rulemaking at the Federal Reserve.
We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.
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