Well, you know what's important to point out. You asked a critical question because this settlement does not deal with those that originated mortgages. It only deals with those mortgages that were held in the secondary market. And so it doesn't claw black to the perpetrators of the scheme, and that's why I'm saying this is an important first step. We also need, in every city, as we had during the savings and loan crisis, strike forces of FBI agents. There were maybe 55 agents working on this. We tried to boost that number to 200. During the S&L crisis we had 1,000. We need accounting and forensic experts to piece together what happened in community after community. Congressman, in my area there were liars loans that were targeted to senior citizens and the disabled.
On the recordFebruary 9, 2012
Source
govinfo.govShare
More from Marcy Kaptur
Feb 6, 2025
An unelected, self-dealing multibillionaire who has made his vast fortune off huge government contracts should not be able to buy access to the U.S. Treasury, but he has done just that. For the princely sum of $250 million, Elon Musk…
Mar 11, 2025
I thank Ranking Member DeLauro for allowing me this time. This bill was drafted by Musk's greed machine and seeks to put his claws even deeper into the pockets of our people. Why? To extract the largest transfer of wealth from money they…
Feb 4, 2025
The people of northwest Ohio and the Great Lakes region, which is heavily industrial and agricultural, overwhelmingly oppose the Trump administration's ill-conceived trade war with Canada, Ohio's top fair trade partner and our largest fair…





