At this point I would like to make it clear that I believe that Congress has no interest in running the day-to-day operations of these companies nor does the Obama administration.
Steve Cohen
The Public Record
Steve Cohen is a member of the United States House of Representatives, representing Tennessee's 9th congressional district since 2007. A member of the Democratic Party, Cohen has been involved in various legislative efforts and has served on multiple committees during his tenure. He is known for his advocacy on issues such as civil rights, healthcare, and education. Cohen has also been vocal on matters concerning the executive branch and its impact on local communities.
We don't want to hurt the auto manufacturers in their restructuring efforts moving forward, but auto dealers are indeed a big part of our local community and the national economy.
General Motors has worked out I believe the situation with the Tort claims, is that correct?
You don't think that the task force maybe should have some reason to look after the people that are injured in Chrysler, if there are, hopefully there will be none, but if there are----
So when the taxpayers are called upon to bail out the industry to the tune of billions upon tens of billions of dollars, then the taxpayers have a right to regulate how these companies operate...
And it seems to me that significant numbers of automobile dealers have been sacrificed without just cause, without explanation and without any available resource...
It promised to help virtually no one while inflicting unnecessary damage on the home lending market and the rule of contract.
I think it is up to us to step forward once again and not to give up on this, Mr. Chairman, because I think it is not yet too late to enact this reform and to stem this collapse of the housing market in the United States.
I think it is shameful that the Treasury Department is too busy to deal with the Congress with regard to the collapse of the housing market in America.
Why are we still trying to get out of the historic credit crisis in this country?





