House Proceeding on Jan 21st, 2009 :: 2:19:05 to 2:22:20
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2:19:02 to 2:19:23( Edit History Discussion )

Barney Frank: i'm grateful that the chairman has agreed to support the amendment. with that i yield back the balance of my time. the chair: the gentleman yields back the balance of his time. the gentleman from massachusetts. mr. frank: how much time do i have remaining? the chair: 2 1/2 minutes. mr. frank: first, on the auto issue. i agree it would have been a mistake to have taken the original tarp vote and then said, ok, use that to go to the aid of the three american

2:19:05 to 2:22:20( Edit History Discussion )
Speech By: Barney Frank

2:19:24 to 2:19:44( Edit History Discussion )

Barney Frank: automobile manufacturers. and that is why speaker pelosi correctly insisted that we vote on it. senate didn't act that it didn't become law. but what this house voted on had a major influence on what the bush administration did. i was not prepared to support the use of tarp funds if it did

2:19:45 to 2:20:05( Edit History Discussion )

Barney Frank: not receive the vote of this with regard to a by a fairly large vote has voted to do that. that's the model i have in mind for this bill. there's probable some ambiguity as to whether or not the gentleman's amendment would require statutory change. i am in favor of resolving the ambiguity.

2:20:06 to 2:20:27( Edit History Discussion )

Barney Frank: i would rather be redundant than as people might know from listening to my speeches. i will work with him to get that bill passed. on the basic point here we are. the senate says at this point they are not going toass it. it is true we are doing things here that we wish the bush administration had done.

2:20:28 to 2:20:48( Edit History Discussion )

Barney Frank: they didn't do i believe that the bush administration and the administration are correct that it's in the interest of the ec billion, they are strongly agreed on that, both administrations, if it can be done well it will be advantage of the economy in helping with the economic problems. but we are insisted that they

2:20:49 to 2:21:09( Edit History Discussion )

Barney Frank: do some things they didn't do at first. even if it does not become law, as members know, i will be talking with the secretary of the treasury. i will be talking as will other members with the administration. when we tell them do something about foreclosures when, we say look at the problems of municipalities, if we have the force of a large majority of the house of representatives

2:21:10 to 2:21:30( Edit History Discussion )

Barney Frank: behind us, it will make us even more persuasive. none of us i think have enough confidence in our tones to think that on our own we can do things that we couldn't do when we are speaking for a majority of the house of representatives. so passing this bill with these specifics will be adding

2:21:31 to 2:21:51( Edit History Discussion )

Barney Frank: greatly to our ability to get the administration to do these things. i should say it's already clear that under the obama administration unlike the administration there will be significant funds for foreclosure leaf. i understandhe dilemma. some of my conservative friends have. two leading journals of conservative opinion, street journal" and heritage foundation, have said don't do

2:21:52 to 2:22:15( Edit History Discussion )

Barney Frank: anything about foreclosures. well, this bill will ensure that we do to their disappointment. the speaker pro tempore: the gentleman's time has expired. e question is on the amendment offered by the gentleman from arizona. so many as are in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it.

2:22:16 to 2:22:22( Edit History Discussion )

Barney Frank: the amend it is now in order to consider amendment number 1 printed in