Senate Proceeding on Apr 27th, 2009 :: 2:58:35 to 3:00:00
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2:49:30 to 3:01:15( Edit History Discussion )
Speech By: Patrick Leahy

2:58:20 to 2:58:40( Edit History Discussion )

Patrick Leahy: and i thank our many co-sponsors for their steadfast support. i'veamed them. so i shant again. but everybody i've heard from across this country support this bill. no one should want to see taxpayer money intended to fund economic recovery diverted by fraud.

2:58:41 to 2:59:01( Edit History Discussion )

Patrick Leahy: no one should want to see those who engaged in mortgage fraud escape that's what's going to happen unless we vote to conclude the debate on this bill, pass it, get it to the other body, get it passed, get it signed into l and give law enforcement the resources and tools they desp we need to make sure we're

2:59:02 to 2:59:22( Edit History Discussion )

Patrick Leahy: spending our public resources wisely. we want to make sure they're not being taken by fraud. we also need to those responsible for the downturn through fraud lent acts of the financial markets and the housing market are held to account. they should -- there shouldn't be a case where we taxpayers pay

2:59:23 to 2:59:44( Edit History Discussion )

Patrick Leahy: for what they did and they get away scot-free. two decades ago we responded during the savings and loan cris by hiring more agents, analysts and prosecutors, we allocated the resources needed to catch those who took advantag fraud. we have to do it again. each week we learn additional scandals in the financial industry.

2:59:45 to 3:00:06( Edit History Discussion )

Patrick Leahy: we have leading charged with multimillion dollar fraud schemes carried out over the years. and, madam president, to say what this is, reports of mortgage fraud are up the past five years, more 2,800% over the past decade.