Tonight we are hoping to have a town hall meeting where we can have a discussion about healthcare. I want to welcome thank you. Free speech for all. Also lets just have a discussion for all. So, good evening, welcome to everyone who came this evening. My name is tom louis. Im the Vice President for government and Community Affairs for Johns Hopkins. And i want to welcome you to the Johns Hopkins montgomery campus. For 30 years we have been offering graduate Level Education courses here. I want to say a little bit about the speaker tonight. Before i introduce him. Senator carden served for 20 years in the maryland house of delegates. He was the youngest speaker ever elected to lead the maryland house of delegates. He was also after that spent 20 years in as a u. S. Congressman from maryland. And had a very distinguished mark there. He was elected to the u. S. Senate and in the senate he is the highest ranking democrat on republican dominated Foreign Relations committee. And he also serv
Have a town hall meeting where we can have a discussion about healthcare. I want to welcome thank you. Free speech for all. Also lets just have a discussion for all. So, good evening, welcome to everyone who came this evening. My name is tom louis. Im the Vice President for government and Community Affairs for Johns Hopkins. And i want to welcome you to the Johns Hopkins montgomery campus. For 30 years we have been offering graduate Level Education courses here. I want to say a little bit about the speaker tonight. Before i introduce him. Senator carden served for 20 years in the maryland house of delegates. He was the youngest speaker ever elected to lead the maryland house of delegates. He was also after that spent 20 years in as a u. S. Congressman from maryland. And had a very distinguished mark there. He was elected to the u. S. Senate and in the senate he is the highest ranking democrat on republican dominated Foreign Relations committee. And he also serves on the committees on e
Thanks for being with us. Thanks. Keep us in your thoughts and prayers. Health care also the topic at ben cardins town hall. He reveals efforts to repeal and replace the law and the future of health care. Tonight we are hoping to have a town hall meeting where we can have a discussion about health care. I want to welcome just thank you to. Free speech for all lets just have a discussion for all. So good evening. Welcome to everyone who came this evening. My name is tom lewis, im the Vice President for government and Community Affairs for johnson hospital kiJohns Hopkins and i want to welcome you to the Montgomery County campus. I want to say a little bit about our speaker tonight before i introduce him. Senator cardin served for 20 years in the maryland house of delega delegates. He was the youngest speaker ever elected to lead the maryland house of delegates. He also spent 20 years as a u. S. Congressman from maryland and had a distinguished mark there. He was elected to the u. S. Sen
Mortgages. That is going on today . The deadline is tomorrow. In the legislation, we band the bad kind of mortgages. They said i was keeping poor people from buying houses in subprime was fine. That is exactly right. You can read it. Es copies for everybody. Secondly, to the great bulk of mortgages, they were qualified mortgages. Those mortgages, you would be able to secure them, but we asked for Risk Retention. Five percent of the risk would have to be retained. That would incentivize them not to provide junk. Because of senators, democrats, listening to people in the mortgage industry, would put in a qualified residential mortgage, stupidly confusing. Those mortgages were supposed to \those mortgages were supposed to be a supersafe category to securitize. To my dismay, the major proposal of the five regulators is to convince to combine the two, the other you can make without Risk Retention of any case. You heard that before. This is been the single biggest cause of the problem. I am
Over bear stearns. That was hard enough to get it done. I agreed with them. It was no way that the withution procedure intervention that we had in there. Ss the government will come and take it over. It would not have flown. I want to add this. Sometimes we make a mistake. It is driven by the perceptions of voter sentiment. The tarps a Great Success but hated. Media, itians, the makes me nuts. The voters are no picnic either. I used to say that when i was in office. Born had a quote. Oh barney had a quote. The stitches are not so hot. The constituents are not so hot. You have this ideological tremendous intervention. You step in and to get rid of the board of directors and you fire people and you take the shareholders money. It was a hard enough job for me as chairman. I would never want to put it to a vote of the action by the fed being so active. It wouldve failed in committee. Said youmously have never want a serious crisis to go to waste was dubbed i believe kristi waste. Doubly kr