Congresswoman Maxine Waters (D-Calif.) asks FBI Director Robert Mueller about allegations that homeowners whose houses have been foreclosed upon will be challenged at the polling place. Waters says she “never dreamed that foreclosure would bring us even this additional problem.” The comment came in an FBI oversight hearing before the House Judiciary Committee. (1:01)
Chairwoman Maxine Waters (D-Calif.) talks about the Hope Six Amendment Act of 2008. She says that without this bill, there are no exceptions in federal law for circumstances under which the five year deadline for Hope Six programs to expend their funds can be made. Waters also says that without an extension on this deadline, communities will suffer. (1:03)
The House Financial Services Committee held a hearing on “Federal Spending Requirements in Housing and Community Development Programs: Challenges in 2008 and Beyond.” Chairwoman Maxine Waters (D-Calif.) presided over the hearing and talked about the Hope Six housing and development program and the reforms that need to be made to it. (more…)
The negative effect on neighborhoods caused by vacant homes, foreclosed due to subprime mortgages, was discussed at a joint hearing of the House Domestic Policy Subcommittee and the House Housing and Community Opportunity Subcommittee. Support was expressed for HR 5818, a bipartisan bill that gives $15 billion to communities that have been devastated by increased housing vacancy; a bill President Bush has said he will veto. (more…)
Congresswoman Maxine Waters (D-CA), chair of the House Subcommittee on Housing and Community Opportunity, discusses the problems concerning consumers stuck in the foreclosure crisis at a hearing on foreclosure prevention and sound mortgage servicing. (0:33)
Representative Maxine Waters (D-CA) asks Secretary of Homeland Security Michael Chertoff about the FEMA trailers, referring to them as “Formaldehyde Trailers.” Chertoff says they are trailers sold on the open market, and Waters asks if they have formaldehyde in them. Chertoff says like every other trailer sold, yes, and Waters says “then they are formaldehyde trailers.” You’ve got families in those trailers, she says, and Chertoff says that he would like to answer but he keeps getting interrupted. The Chairman tries to intervene, and Waters says that she didn’t interrupt anyone else’s question and would appreciate if they didn’t interrupt hers. Chertoff says yes, like every other trailer sold on the open market, there is formaldehyde in them. They are using every means at their disposal, he says, to get people to leave those trailers. (1:30)
