House Proceeding 02-13-09 on Feb 13th, 2009 :: 0:44:30 to 0:47:35
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0:44:26 to 0:44:48( Edit History Discussion )

Carolyn B. Maloney: together. we're going to continue to fight on behalf of that. the speaker pro tempore: without objection, the gentlelady from new york, mrs. maloney, is recognized for five minutes. mrs. maloney: thank you very much, mr. speaker. mr. speaker, today we took a historic step toward economic

0:44:30 to 0:47:35( Edit History Discussion )
Speech By: Carolyn B. Maloney

0:44:49 to 0:45:12( Edit History Discussion )

Carolyn B. Maloney: recovery and four financial jinalts took another important step in announcing that they will impose a moratorium on mortgage foreclosures. in response to a request from congress during hearings chaired by chairman frank, citigroup, morgan stanley, j.p. morgan and

0:45:13 to 0:45:34( Edit History Discussion )

Carolyn B. Maloney: bank of america today announced plans to suspend foreclosures for the next few weeks or until the president's new plan is in place. this action, these actions create breathing space to allow the new administration to develop and the private sector

0:45:35 to 0:45:56( Edit History Discussion )

Carolyn B. Maloney: to implement a new plan to reduce foreclosures and to help americans stay in their homes. we cannot solve our economic crisis until we solve our housing crisis and lders of our financial sector have the ability and responsibility to help lead our recovery.

0:45:57 to 0:46:17( Edit History Discussion )

Carolyn B. Maloney: as a representative from the state of new york, i applaud these new york financial institutions for being the first to step forward and take up this challenge. and i urge all other mortgage institutions to follow their

0:46:18 to 0:46:38( Edit History Discussion )

Carolyn B. Maloney: example, to take similar steps to help americans stay in their home. mr. speaker, i would also like to really underscore the importance of the vote, the historic vote that we had a chance to vote on today, and i cast a ballot to help create

0:46:39 to 0:47:00( Edit History Discussion )

Carolyn B. Maloney: .5 -- 3.5 million new jobs, give tax credits to 95% of working americans. this was a chance to begin to move our country forward, by investing in and modernizing our health and education systems and we can do it in a way that is accountable and transparent, as the legislation required.

0:47:01 to 0:47:22( Edit History Discussion )

Carolyn B. Maloney: and as i noted, the private sector is also playing a crucial and important role. if we work together we can put america back to work. i yield back the balance of my time. the speaker pro tempore: mr.

0:47:23 to 0:47:36( Edit History Discussion )

Carolyn B. Maloney: jones from north carolina. ms. kaptur from ohio. mr. paul from texas. mr. schiff from california.