We have seen a manipulation of the lending practices in this country now going back for almost a decade.
Maurice Hinchey
The Public Record
The predatory lending--and that predatory word, I think, is very appropriate--is a major part of the problem.
I am sure that they were advised to do that by a lot of the people who wanted to engage in these practices that we have seen that have caused so much of the damage.
It is going to deal with some aspects of the problem. But it is not going to deal with it all the way.
The economic circumstances that this Congress is attempting to deal with is probably the most serious and severe since the 1930s.
I wish that we had given you more power, including subpoena power because I think that you would have used that effectively.
The elimination of that Glass-Steagall Act was intentional, and purposeful, and it was designed to allow the manipulation of these investment practices.
the circumstances there you are dealing with are very, very difficult, and very, very dangerous for the people who are wounded and for the people who are providing the medical care and attention.





