Leading economists and academics have concluded that it was not Lehman Brothers' bankruptcy that caused the panic.
Lamar Smith
The Public Record
Lamar Smith is a former Republican member of the United States House of Representatives, representing Texas's 21st congressional district from 1987 to 2019. During his tenure, he served as the chairman of the House Science, Space, and Technology Committee, where he focused on issues related to science policy, technology, and innovation. Smith was known for his advocacy of scientific research and development, as well as his support for policies aimed at promoting economic growth through technological advancements.
It was Treasury's and the Fed's subsequent actions that signaled to investors that the government anticipated a market collapse.
America needs to put in place a better strategy to address the next crisis, if one comes.
Today's hearing allows the Committee to explore the intersection of two areas of the Committee's jurisdiction, antitrust and copyright.
The auto task force's actions did not aim to produce viable companies. They aim to advance the Administration's political agenda.
The Administration is staging a government takeover of much of the private sector.
Through these and so many other actions, the Administration is taking us from morning in America to mourning for the American way.
Putting criminals in jail works. It keeps them off the streets and out of our homes.
The Democratic Party continues to treat criminals as victims and then ignores the real victims.
The lessons of the greatly reduced crime rates of the last 15 years apparently have been forgotten.
If Congress and the Administration fail to respond to the mortgage foreclosure crisis in a more assertive and thoughtful manner, I fear for our Nation's future.





