On the recordApril 4, 2019
Thank you, Mr. President. I rise in opposition to the nomination of Mark Calabria. He is the wrong man for this job. Sometimes I kind of can't believe this place. I see these people. I see the President of the United States, who never really experienced any of these challenges that homeowners in Cleveland, OH, or in Muncie, IN, face. He can't even get a loan from a local bank; he has to go to Germany to go to Deutsche Bank. That is really beside the point. I just don't understand, when we have these academicians or people who work in government for a while, and then they go out and they do these writings, and over time--I look at someone like Mark Calabria. He seems like a genuinely nice fellow and an honorable guy, but some of the things he said and has written in his career--let me start with this. He questions the need for the 30-year mortgage. A lot of Members of Congress, a lot of people voting on this nomination, and a lot of people in the White House--the White House looks like a retreat for Wall Street executives. The majority leader's office down the hall has a stream of lobbyists going in and out from the banks and the oil companies and the gun lobbyists and all that. Mr. Calabria has said he questions the need for a 30-year mortgage. Many of my colleagues here and in the White House don't really have to worry about paying their mortgage.…
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