Lamar Smith actually said...

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

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

It was Treasury's and the Fed's subsequent actions that signaled to investors that the government anticipated a market collapse.

Leading economists and academics have concluded that it was not Lehman Brothers' bankruptcy that caused the panic.