On the recordFebruary 9, 2012
I received a call from Secretary Donovan, the Secretary of Housing, indicating that Nevada was part of the settlement. It is in all the newspapers today. It appears Nevada will get about $1\1/2\ billion to work out our foreclosure problems in Nevada. We have led the Nation for years in foreclosures. We are not proud of that, but it is a fact. For many years, we were the economic driver of the States. No State did better economically than Nevada for two decades. If you want a good job, come to Nevada. If you want to invest in real estate, come to Nevada or if you wanted to start a small business, come to Nevada. The collapse on Wall Street has hurt our housing market. We have not yet recovered. I commend the attorney general of Nevada, Catherine Masto, who was a fine lawyer before she became attorney general and has only become better with the work she has done. She negotiated this. I am very proud of her and confident the work she did will bring dividends to the beleaguered housing industry in Nevada. ____________________
