A certain level of regulation is appropriate, but many of the reforms being talked about now will reduce market discipline and increase moral hazard.
Jim Gerlach
The Public Record
American politician
I think this is an incredibly poor time to be putting an additional $100 billion of taxpayer liability exposure for an additional contribution to the IMF.
I voted against TARP because of this, and I have opposed other government bailouts because I am becoming increasingly concerned with the Federal Government's new role as savior of all things failed.
Now, you can perform a great service for us, mayors. You go tell your senators that they need to act like senators, and not like squabbling children, and pass something over there.
The American public deserves to know, as do researchers in government and out of government, where did this money go?
Is it fair to take money from all the other homeowners and taxpayers to help this latter group of homeowners? I don't think so.
It is this lack of communication that has most angered the people who pay the bills, the American taxpayers.
The issue is, as my two colleagues here from the port said, number one, any solution we bring forward the money has to stay in the region where the money was generated.
I am encouraged that what I have heard everyone here say is that we need, number one, a national freight program and, number two, we need a dedicated source of funds to be able to pay for these projects.
What are we going to do to keep folks in their homes that don't have, by no fault of their own?
We will throw out a strong helping hand to the banks, to the automobiles, to industry, to others... but to the poor, struggling homeowner, we give no kind of help.
Now, President Obama has said, and I agree... why not put forward a moratorium, a 90-day moratorium until we can get our hands around the size of the problem?
We are losing 6,300 homes to foreclosure every day. That is 46,000 every week.
Absolutely. We have in our local counties county preservation boards that administer the program. They obtain dollars, both locally as well as from the State, and, where appropriate, the Federal Government, and they administer that…
This Iraqi government's got to move forward. It can't feel it has a blank check in American lives and American tax dollars from now until the end of time.
I think we have a major opportunity now, with gas prices going so high, to say, wait a minute. We shouldn't have to rely on foreign oil for our energy needs.
We find out that the retiring CEO of ExxonMobil is getting a retirement package of nearly $400 million. And that drives people nuts. It drives me nuts.





