Political Quotes

On the recordApril 2, 2008
It's very interesting to think about. One of the great things about the Financial Services Committee under Mr. Frank is that very often we are able to work in a bipartisan way in the kind of spirit that the people of this country really are hoping that we will take to deal with these complex financial matters. Because while we are dealing with try to fix the regulatory scheme and figure out exactly what measures, which we will talk about, are the kind of measures are going to help people on the ground who are losing their homes, it's really important that we are able to come together. So there may be different philosophical approaches. My colleagues on the other side of the aisle on the Republican side, Mr. Bush in the White House may say, no, no, no. They may say to keep hands off. Let the free markets do everything. But now people I think are beginning to come along and see that this is exactly the kind of situation where some appropriate government intervention to fix fundamental problems in the financial schemes and help with this mortgage crisis are going to be necessary. I am hoping that the President is going to come along. I am hoping that he is going to come on out of the Rose Garden. I am hoping that he is going to see that we need more than a 1-800 number, 1-88 I AM IN TROUBLE.…
Said by
Paul W. Hodes
New Hampshire

Editor's note · Context

Discussing the need for bipartisan efforts to address the mortgage crisis and financial regulation.

Share

More from Paul W. Hodes

Oct 10, 2007

Well, it is really an important point to underscore, and I appreciate your saying it, which we all agree, that there is nobody on whatever side of the debate you're in about Iraq who doesn't understand that our troops have served with…

govinfo.gov
Jun 4, 2008

This amendment will help schools in my district in New Hampshire to power their classrooms with alternative energy sources, including wood pellets and wood biomass, sources that are plentiful throughout New Hampshire. For example, under…

govinfo.gov
Oct 30, 2007

I rise today to celebrate Red Sox Nation. In this House, we often disagree on many issues of national importance, but today we are all part of Red Sox Nation. After trailing Cleveland 3-1 in the American League Championship Series, the Red…

govinfo.gov
Apr 2, 2008

We saw what was coming on this mortgage crisis and we passed the Mortgage Reform and Anti-Predatory Lending Act to strengthen consumer protections against risky loans. We wanted to make sure that going forward, the kind of lending…

govinfo.gov

Other voices in this conversation