Lamar Smith actually said...

Thank you, Mr. Chairman, for holding this important hearing on protecting employees in airline bankruptcies.

The bankruptcy amendment to H.R. 4173 not only fails to solve the foreclosure crisis, but also makes the crisis deeper, longer, and wider.

Allowing relief through the bankruptcy system merely transfers the cost of bad financial decisions to prospective home buyers.

Unfortunately, modification efforts are being made more difficult by continuing high unemployment, which is not being reduced by the Adminis...