Jack Reed

It's an important policy question and, it'll rapidly become an important personal question for----

We are looking at over 11 percent unemployment in my State.

The 30-year fixed mortgage has been sort of the North Star of American housing for a long time.

The President's report on housing finance said that any rational housing reform is going to lead to a higher cost of mortgage credit.

Some of the proposals would perhaps make that a less available product, is that your analysis of the competing proposals?

Opening statements, comments, or prepared statements of: Senator Reed.

We ask the Congress to provide additional funding to fight White Nose Syndrome (WNS) in bats.

I urge the Senate to try again this Congress to enact a legislative fix to address the harmful effects of the U.S. Supreme Court decision, Carcieri v. Salazar.

We urge the Congress to support the request of $854.242 million for the integrated resource restoration program in fiscal year 2012.

We urge the Congress to provide $312 million in fiscal year 2012 for forest and rangelands to support this high-quality research.

I also have to salute Senator Kaufman for his service, both here in the Senate, for putting up with a lot of my bad jokes as we traveled around the world.

This is the inclusion of the warrants provision, which I insisted on being included with the support of my colleagues.

I think so far this has proven to at least stabilize the situation, and in fact, I would argue, has probably avoided a significant financial deterioration which would still be plaguing us.

But having done all this work, that reaction was not irrational, given what they were seeing in the marketplace, given the contagion, given the fear.

I was listening closely to the recollections of both you and the Ranking Member about September 2008 because I was also there.

And let me just amplify her remarks by simply saying 'sewers.'

Thank you. Turning now to fuel-efficiency standards, we are already extremely sensitive to rising gasoline prices.

But, can you sort of help us understand how--if H.R. 1 or something like it was passed, how it would impact the ability of the States and the EPA to issue permits?

No one is as superbly qualified as Mara to address the critical challenges you have laid out, Mr. Chairman.

If we act precipitously, as some have suggested, the already fragile housing market and the overall economy could be severely affected.

A comprehensive settlement like what is being discussed cannot solve all these problems, but it will help provide at least a measure of certainty.

I think the Nation, Congress, regulators, were obsessed with home ownership in terms of that as the primary housing policy.

It is very important that we try to bring this to bed as quickly as we can.

Senator Reed from Rhode Island and I are introducing legislation to fix a servicing model that has caused foreclosure fraud and homeowner abuse in Ohio and across the Nation.

There is bipartisan agreement that we need to restructure Fannie and Freddie and limit the Government's role in the mortgage market.