Thank you for holding this hearing, and unfortunately I got here a little late, so I am going to take a little bit of my time and read my opening statement, if you don't mind.
The President has now made clear that regulatory modernization, which will protect consumers and investors in this way, ...
sweeping reform of abusive credit card and mortgage lending practices will be an essential component of this Committee's...
You need only to pick up our morning newspapers to appreciate what people are going through.
I really would say that your program is going to have a significant and deep effect on housing markets, improving them, ...
When a country, year after year, consumes more than it produces, imports more than it exports, borrows more than it save...
But if it goes to two-thirds, shouldn't that be a real change in the housing markets and rates of foreclosure, and even ...
I think the public has this view that the servicers are little entrepreneurs all over the lot.
We are going to have one of the best Housing Secretaries that we have ever had.
And that is going to mean some real stuff to the stability of the banks and of the whole financial markets, because they...
But I think, yes, and Mr. Chairman, I think most of the big banks that have already received TARP money who are servicer...