The speaker pro tempore the gentlelady from california is recognized. Ms. Waters i have no further requests for time and im prepared to close. The speaker pro tempore the gentlelady is prepared to close. The gentlelady is recognized. Ms. Waters i yield myself the remainder of my time. Madam speaker, its become par for the course for the majority to recklessly advance harmful deregulatory packages like h. R. 3978. My friends on the other side of the aisle are moving forward with regulatory roadblocks at a furious pace, pushing dangerous bills through the house nearly every week. It appears that they may have already completely forgotten the way that lax Financial Regulation allowed the crisis in 2008 to occur that. Crisis badly damaged the occur. That crisis badly damaged the whole economy and harmed all of our constituents. The impact was enormous. 13 trillion in Household Wealth was lost. 11 Million People lost their homes to foreclosure. And the Unemployment Rate reached 10 . Democra
It compounds month after month. That is only to people who are getting unemployment or are unemployed. Many are the heads of household. The implication of this part of the crisis affected many tens of millions of americans well into the 50 and 60 million. 27 million americans directly affected, so the Ripple Effect into 50 or 60 million americans just from employment. Housing prices collapsed back into thousand one levels relatively quickly. Historic foreclosures were out of control, millions and millions of foreclosures. Small businesses were crushed. As Economic Activity plummeted one of the frontline organizations started going bankrupt at historic rates due to the complete lapse of Economic Activity. Underwater homes, the silent crisis, when over 30 . The mortgages were much higher than the value that the homes could be sold for in the markets as prices collapsed. Even through today, there are still waiting money way too many underwater homes. There are tens of millions of american
Displaying good faith, honoring commitments, and adopting the right approach, then diplomacy can prevail over violence, suffering, and oppression. This will provide a Solid Foundation for further and more effective diplomatic interactions. Before i conclude, let me thank those ambassadors who supported the jcpoa and also those countries who helped this deal happen. Let me respond to some baseless accusations by some members, some previous speakers. It is ironic that the distinguished ambassador of United States accused of my country of harboring a hostage. Reckless acts of the United States in our region for so many years are at the root of so many challenges we are now facing in our neighborhood. Iran is a stable country in an unstable region. We want our stability to persist. We do promote a stability in the region and we help our neighbors to stabilize and cooperate towards that. In conclusion, let me also inform you that my delegation upon instruction from a government is forwardin
Washingtons biggest scandals. Welcome to book tv. I former apartment chairman of the house government oversight committee. Were here to discuss a book by the retired chairman of the house government and oversight called watchdog. Watchdog tells about basically your political history and also about the investigation that you underwent as chairman of the committee and as a minority member of the committee. Your first election to congress, interesting for readers is the great davis recall in california and behind the scenes story of how that came about and was financed. It has a little bit of chairman toms time in it to. I think youll learn from my mistakes to move out. But what wanted you to write the book. Guest i think of voters right now have lost a little of hope. They seat the wrongdoing, not all of it but some of it. Then they do not see what difference it makes. I thought a book that took these stories and linked it to what difference it makes would really help people. There are t
Headed this successful Mortgage Company put together a program of vip service. That include our colleagues staff of congress, the house and senate, postmaster general, anybody general, anybody they could have influence with. Do a favor for. It was not just make the process easy and the mortgage can be difficult and a lot of paperwork, it was to make it cheaper. They will waive fees and provide favorable discounts in the case of one senator they actually did a mortgage on the property in ireland even though they never did anything outside the u. S. Except for that senator. When the scandal started to break what you saw was two directions. One was called mozilla who never paid a find and the other lead toward those who took. What size he had a reason, it was distorting was distorted policy. That destroyed a policy if you believe he succeeded was part of the meltdown in 2008. Part of the mortgage crisis. Host you are going with some of your colleagues took this. So you met some strong res