House Proceeding on Dec 11th, 2009 :: 1:26:05 to 1:27:30
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1:26:02 to 1:26:22( Edit History Discussion )

Barney Frank: the federal government and the cfpa and within the authorities they have already. i reserve the balance of my time. the chair: the gentleman the gentlewoman from illinois is recognized. ms. schakowsky: may i inquire how many minutes i have left? the chair: the gentlewoman has 2 1/2 minutes ms. schakowsky: i would like to yield a minute to the chairman of the committee, barney frank. the chair: the gentleman from

1:26:05 to 1:27:30( Edit History Discussion )
Speech By: Barney Frank

1:26:23 to 1:26:44( Edit History Discussion )

Barney Frank: massachusetts is recognized for one minute. mr. frank: madam chair, we keep hearing about these studies. they were commissioned by organizations ideologically opposed to this and surprise they have gotten back the answers they want. i haven't seen them. they are not worth anything. they are simply quantifications of ideology which are entitled

1:26:45 to 1:27:09( Edit History Discussion )

Barney Frank: to no weight. i understand that there are people w do not like consumer regulation. what we learn is that in its absence abuses can proliferate that become systemic problems. it's especially relevant when we are dealing with the elderly. we know there are people who are preyin there are people eligible for

1:27:10 to 1:27:30( Edit History Discussion )

Barney Frank: this program in their 80's who have lives ever hard work that did not include sophisticated involvement with financial instruments. there have been problems of abuse. we in fact adopted i think without opposition a piece of legislation that said, can you not be the one that sells somebody reverse mortgage and then becomes his or her