On the recordMarch 11, 2011
It is a very strange Congress. At a time when Wall Street has been bailed out, banks have been bailed out--and banks were bailed out who kicked people out of their homes, now the programs that have been created to help keep people in their homes, these programs are going to be canceled by the majority, which, of course, will cause people to lose their homes to the banks. So the banks in America have people coming and going. And they keep getting more and more money. Madam Chair, millions of Americans are facing or will face foreclosure in the coming months. Their hold on their homes has been endangered by unemployment, or predatory loan terms, or falling house values. We are in the worst crisis facing homeowners in the history of this country. And the facts are well known. No one in the House can feign a lack of knowledge of the misery that has gripped American homeowners and neighborhoods across the country. Yet today, this House takes up a bill to terminate a program intended to assist distressed borrowers.
