Marcy Kaptur

Thank you for your dedication in your life to the field of housing for the most vulnerable in our country.

I just wanted to continue on my same line of questioning and place on the record that I represent the fifth largest rail center in the country.

One of the most interesting parts about serving in Congress is to really understand other Members and how different their districts are than our own.

We need to turn these HUD houses around yesterday and to get them back on the market, get them rehabbed.

You like them too much, you are not really willing to take them on. And it is a sad day for America.

There has not been one prosecution, not one, by either the last administration or this one.

I bet our chairman would like to have $55 billion to help with development around this country.

Aren't we supposed to be picking up the broken pieces of humanity here that Wall Street has delivered at our feet?

I keep asking myself where is the greatness of our Nation, where is it, what happened to it, is it hiding, where is it, in the housing sector?

They paid at an 11 percent tax rate compared to the businesses in my district that have to pay at a 35 percent tax rate.

Submission of Hon. Marcy Kaptur, a Representative in Congress From the State of Ohio

The fact that it is missing is of great concern for me.

It is important to know who is giving us information and who isn't.

Mr. Bush never submitted one single balanced budget to this Congress, because I served during those years.

I am thinking, what is fair about this? Wait a minute; we are not addressing the housing problem.

The solution I see them proposing out there, at least those governors is, Well, get rid of teachers, get rid of police, rather than solve the fundamental problem, which is recovery in the housing sector.

I think we ought to do Part D, but we ought to pay for it.

Can we solve the problem, the serious, serious problem of the debt this country is in...

The cost of this housing crisis caused by Wall Street abuses through the creation of asset-backed securities made a few very greedy bankers quite wealthy at the expense of millions of ordinary citizens and doing great harm to our republic.

I think the American people are deeply worried that this country is in hock to foreign interests. This Member is worried.

My question, I have three, is there a transparent--I will read all three--is there a transparent list of which Cayman Island financial institutions hold the lion's share of the debt that they are financing?

Now the costs of this housing crisis caused by Wall Street abuses through the creation of asset-backed securities made a few very, very greedy bankers quite wealthy at the expense of millions of ordinary citizens and doing great harm to…

Back in the 1980s and 1990s, the costs of the savings and loan crisis precipitated by reckless bankers were placed on the American people; $170 billion placed squarely on the backs of our taxpayers to pay for their misdeeds.

As you know, America is enduring a housing crisis of monumental proportions, and it is amazing to me that you have not addressed that in your testimony today.

The problem with the Republican budget is, it hurts job creation and it goes after the people who can least afford to hold their lives together in this economy.