Marcy Kaptur on the House floor speaking of new TARP bill...

[slipslidingaway]

she is not impressed. Says the new bill will do nothing for homeowners that are in trouble.

The full video will show up on the cspan link for today.

http://www.c-spanarchives.org/congress/?q=node/77539&hors=h#

[depakid]

1. I'd like to see progressives start demanding "right to rent"

http://www.huffingtonpost.com/dean-baker/right-to-rent-helping-hom_b_156913.html

and changes to the bankruptcy code:

http://illinoischannel.spaces.live.com/blog/cns!B0DB128F5CD96151!5629.entry

[slipslidingaway]

3. Thanks for the links, some snips from the "right to rent"....

I agree...

"...It is often argued that we need to stabilize house prices. In many markets this is a desirable goal. However, in many markets in California, Florida, and the Northeast, where the bubble has not yet fully deflated, it would be counter-productive to try to sustain house prices at bubble-inflated levels.

Prices in these markets will eventually fall to their trend levels; the only question is how fast. Unfortunately, many of the same policy wizards who wanted low and moderate-income families to buy homes at bubble-inflated prices in the years from 2002-2007, would still want them to buy houses at bubble-inflated prices today. They somehow think that the best way to accumulate wealth is to own a home that is falling in value.

Even worse, they want to use lots of taxpayer dollars to keep people in homes in which they have no equity. Representative Barney Frank is one of the key villains in this story. His top priority is to use the TARP money to pay banks for their bad mortgages, so that people can stay in homes with no equity...

There is a simple no cost, no bureaucracy alternative to Frank's plan to hand tens of billions to banks. (Remember, the banks get the checks under Frank's plan, not the homeowners.) We can simply temporarily change the rules on foreclosure to give people facing foreclosure the right to rent their homes at the market rent..."

[depakid]

5. Dean Baker cuts to the chase on that one, eh?

An elegant solution that ought to be part of any TARP scheme.

[slipslidingaway]

6. He sure does..do you know if they vote this week?

[Elwood P Dowd]

2. Marcy is one of our best

and has been for several years.

[slipslidingaway]

4. Did not know of her until recently, sounds like they will be

voting on the second 350 billion soon.

It should not be this easy to steal tax payers money :(

[Peregrine Took]

8. I spotted her years ago. She is a winner and would have made a great VP.

[Elwood P Dowd]

9. I became a fan back in the early 1990s when she was fighting all the horrible trade deals -

NAFTA, WTO/GATT, and such. Marcy has been on top the corrupt corporate agenda for years. Byron Dorgan in the Senate is still with us, and he too did his best during those days. Today, we are paying the price for a few Dems jumping in bed with the repukes on those fake free trade deals.

[KoKo]

7. Bush is "sand bagging" Obama with "Tarp II" and Obama needs to be aware

that the very advisers and vetters who gave Us Taxpayers "Tarp I" are the ones who are "Advising and Vetting his appointees.

Tread carefully, Obama. You aren't the first Dem President the "Powers that Be" have Sand Bagged early on and tied you up in ropes like Gulliver! :-(

[slipslidingaway]

12. I would imagine Obama is aware, I agree with Marcy Kaptur

that we should not rush the second part of this package through now.

[lib2DaBone]

10. She was against the $700 Billion giveaway....

... She was shouted down. One of the few honest Reps in CONgress.

[Elwood P Dowd]

11. That she is.

One of the few honest Reps in CONgress.

[slipslidingaway]

13. Yes and she sat behind Kucinich for awhile when he read

the impeachment articles against Bush.

[babylonsister]

16. And she agreed with him? nt

[slipslidingaway]

17. I believe she did, although I never asked the question. n/t

[babylonsister]

18. No kidding. So what's the story? nt

[slipslidingaway]

19. No kidding intended, I can only state what I believe may have

been her motive. If you are looking for a definitive answer then you need to make an inquiry from her office.

:shrug:

[slipslidingaway]

14. Her speeches from the cspan archives....

http://www.c-spanarchives.org/congress/?q=node/77530&pid=1458&begdate=2009-01-01&enddate=2010-01-01

[slipslidingaway]

15. Link to the new bill HR 382...

http://www.govtrack.us/congress/bill.xpd?bill=h111-384