>>> IT CAME TO LIGHT THAT DEUTSCHE BANK HAD WILLFULLY
DECIDED TO IGNORE SUSPICIOUS
ACTIVITY REPORTS WITH REGARD TO
THE PRESIDENT AND HIS SORNL.
>> WHAT IS YOUR PLAN TO HOLD
DEUTSCHE BANK WITH FAILING TO DO
OVERSIGHT AND RESPOND TO THE
CONTROLS WITH REGARD TO DEUTSCHE
BANK?
BANK? >> I WILL FOLLOW UP AND MAKE
SURE THAT DEUTSCHE BANK ASHAS
POLICIES THAT ARE THE SAME AS
EVERYONE.
EVERYONE. >> CONGRESSMAN PORTWOMAN PORTER
NOW.
NOW. THANKS FOR COMING BACK.
FIRST OF ALL, LET’S JUST PUT A
PERIOD AT THE END OF THE
SENTENCE WITH BEN CARSON, WHO
WAS ACTUALLY QUESTIONING YOUR
CREDIBILITY AND YOUR ABILITY TO
DO THE JOB AND KNOW THE ISSUES.
TO THAT YOU SAY WHAT?
>> I THINK MR. CARSON IS
ATTEMPTING TO FIX WHAT WAS A A
HEARING THAT TERRIBLY AWRY, I
WAS INCREDIBLY DISAPPOINTED BOTH
IN HIS PREPARATION AND ANSWERS
NOT JUST TO ME BUT MY OTHER
COLLEAGUES.
COLLEAGUES. INSTEAD OF GETTING DEFENSIVE AND
HURLING ACCUSATIONS TO ME, I’D
LIKE HIM TO DOUBLE DOWN ON DOING
HIS JOB, STUDY WHAT’S GOING ON
WITH THE LOW AND MODERATE INCOME
HOME BUYER PROGRAM.
THE MOST COMMON OUTCOME OF AN
FHA LOAN GO TO AN R.E.O. STATUS.
WHEN HE SAID WHEN FHA LOANS GO
TO FORECLOSURE THAT THEY ARE
SOLD VERY QUICKLY WHEN POINT IN
FACT CLEARLY DEMONSTRATED BY
INDUSTRY DATA IS THAT FHA LOANS
THAT GO TO FORECLOSURE TAKE
NEARLY TWO YEARS TO RETURN TO
OUR HOUSING MARKET, DURING WHICH
TIME THEY BECOME BLIGHTED AND
ARE NOT AVAILABLE UNDER
AFFORDABLE HOUSING.
AFFORDABLE HOUSING. THESE ARE THE FACTS THAT I WANT
MR. CARSON TO GRAPPLE WITH ON
BEHALF OF BEHALF OF
AMERICAN TAXPAYERS.
AMERICAN TAXPAYERS. >> DO YOUR HOMEWORK OR RESIGN.
MOVING ON TO SECRETARY MNUCHIN,
FROM YOUR TESTIMONY -- FROM HIS
TESTIMONY THAT YOU HEARD
YESTERDAY AND AS IT PERTAINS TO
THE PRESIDENT’S TAX RETURNS, HIS
FINANCIAL RECORDS FROM DEUTSCHE
BANK AND MNUCHIN’S POSITION ON
THEM, DO YOU THINK HE WORKS FOR
THE PRESIDENT OR FOR THE
AMERICAN PEOPLE?
AMERICAN PEOPLE? I’M NOT SAYING WHAT HE SHOULD
BE.
BE. WHAT DO YOU THINK HE’S DOING?
>> I THINK IN THE HEARING HE DID
DEMONSTRATE -- HE DOUBLED DOWN
VERY CLEARLY THAT HE HAD NOT
RELIED ON ANY CONVERSATIONS WITH
THE PRESIDENT, WITH THE WHITE
HOUSE OR WITH OTHERS OUTSIDE OF
THE TREASURY DEPARTMENT AND THE
DEPARTMENT OF JUSTICE IN
REACHING HIS DECISION NOT TO
PROVIDE THE TAX RETURNS, WHICH
IN MY OPINION LAWFULLY MUST BE
PROVIDED.
PROVIDED. SO SI THINK HEI THINK HE ATTEMPT
DEMONSTRATE ENDINDEPENDENCE.
DEMONSTRATE ENDINDEPENDENCE. HE APPEARS TO BE TRYING TO SAY
THIS IS MY AMBITION, I HAVE ZERO
DOUBT AND I WOULDN’T WANT TO BE
IN MR. MNUCHIN’S SHOES RIGHT
NOW, BECAUSE HIS DECISION AND
INTERPRETATION OF THE TAX LAW
AND THE RULE THAT REQUIRES A
DISCLOSURE OF TARKS RETURNS HERE
IS JUST DEAD WRONG.
>> YESTERDAY YOU INDICATED QUITE
ACCURATELY, MANY PEOPLE THINK,
THAT YOU DIDN’T THINK SECRETARY
CARSON WAS UP TO DOING THE JOB
THAT HE HOLDS.
SO I’D LIKE TO ASK YOU A
QUESTION ABOUT THE JOB THAT HE
HOLDS AND ABOUT ITS IMPACT ON
SPECIFIC CITIZENS IN THIS
COUNTRY.
COUNTRY. IN THIS CASE WE’LL START WITH
YOUR DISTRICT IN ORANGE COUNTY
AND IN L.A. COUNTY WHERE I’M
TOLD BY FRIENDS OF MINE WHO LIVE
OUT THERE THAT THEY OFTEN HAVE
TWO TO THREE-HOUR COMMUTE BACK
AND FORTH TO WORK FOR LACK OF
AFFORDABLE HOUSING IN BOTH
ORANGE COUNTY AND L.A. COUNTY.
WHAT’S THE STATUS OF THE FEDERAL
GOVERNMENT’S POSITION AND
MOVEMENT IN THE DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT IN
BUILDING MORE AFFORD BLG HOUSING
NOT JUST OUT IN YOUR DISTRICT
BUT THROUGHOUT THE COUNTRY WHERE
IT’S VITAL.
IT’S VITAL. >> THERE IS AN AFFORDABLE
HOUSING CRISIS DEFINITELY IN
SOUTHERN CALIFORNIA AND A LOT OF
PARTS OF COASTAL CALIFORNIA.
OUR ECONOMY IS GROWING, WE HAVE
PEOPLE ABLE TO BUY HOUSES BUT IT
ALSO MEANS THAT THE SUPPLY
DOESN’T KEEP UP.
WE HAVE BOTH A RENTAL
AFFORDABILITY CRISIS AND WE HAVE
A HOMEOWNER SHIP CRISIS AND THE
HOUSING AND URBAN DEVELOPMENT
DEPARTMENT HAS DONE LITTLE TO
ADDRESS EITHER OF THESE THINGS
UNDER SECRETARY CARSON.
TO THE CONTRARY WHAT WE’VE SEEN
IS HE’S INCREASED RENTS FOR
THOSE IN PUBLIC HOUSING.
HE SHOWED ZERO UNDERSTANDING OF
THE MAGNITUDE OF THE LOW INCOME
RENTAL AFFORDABILITY CRISIS.
MY COLLEAGUE ASKED HIM HOW MANY
PEOPLE ARE ON THE WAIT LIST FOR
LOW INCOME HOUSING VOUCHERS.
HE SAID A COUPLE HUNDRED
THOUSAND.
THOUSAND. THE ANSWER SHE CORRECTLY GAVE IS
4.4 MILLION.
4.4 MILLION. SO THIS IS AN ISSUE THAT AFFECTS
MILLIONS OF AMERICANS AND IT
AFFECTS EVERYBODY BECAUSE WHEN A
LOW INCOME FAMILY IS PRESSED
INTO HOUSING THEY CAN’T AFFORD
THAT’S ONE LESS DOLLAR THEY HAVE
AVAILABLE TO TAKE CARE OF THEIR
CHILDREN, TO PUT IN THEIR
RETIREMENT ACCOUNT, AND TO
BECOME SELF-SUFFICIENT AND
STABLE.
STABLE. >> I WANT TO ASK YOU A LAST
QUESTION GOING BACK TO SECRETARY
MNUCHIN.
MNUCHIN. THE PRESIDENT YESTERDAY USED THE
PHRASE THE I WORD WITH RESPECT
TO HIMSELF AND THERE’S NOW AMONG
A LOT OF YOUR COLLEAGUES
IMDISABOUT WHETHER FOR INSTANCE
THE ATTORNEY GENERAL SHOULD BE
IMPEACHED.
IMPEACHED. MNUCHIN IS GETTING SOME OF THAT
CRITICISM AS WELL.
DO YOU THINK THAT THERE IS GOING
TO BE A MOVEMENT, I KNOW
CONGRESSMAN SWAL WELL AND OTHERS
ARE TALKING ABOUT MNUCHIN AS
SOMEBODY THAT NEEDS TO BE
IMPEACHED.
IMPEACHED. DO YOU THINK THAT’S THE MOVE
THEY NEED TO TAKE?
>> WE MOVE IN A DLIB RATIVEELIBE
MNUCHIN’S APPEARANCE AND HE
ANSWERED EVERY QUESTION THAT WAS
PUT TO HIM SHOULD GIVE US
CONFIDENCE THAT WE SHOULD GIVE
MORE OPPORTUNITY FOR THIS TO
PLAY OUT.
PLAY OUT. IT DOESN’T MEAN WE SHOULD HOLD
HIM 100% ACCOUNTABLE FOR
FOLLOWING THE LAW.
MY OPINION AND THE OPINION OF
EVERY ORR LAWYER THAT I KNOW HE
IS REFUSING TO COMPLY WITH THE
LAWFUL REQUIREMENT THAT THE
SECRETARY OF THE TREASURY SHALL
PROVIDE TAX RETURNS PERIOD.
FULL STOP, YOU CANNOT READ ANY
EXCUSES INTO THAT AND HIS
ASSERTION THAT EXECUTIVE
PRIVILEGE MAY APPLY OR DOES
APPLY TO THAT SITUATION IS
COMPLETELY INCORRECT.
COMPLETELY INCORRECT. EXECUTIVE PRIVILEGE APPLIES ONLY
TO ADVICE SO DELIBERATE
MATERIALS.
MATERIALS. IT’S ABOUT HOW TO PROTECT PEOPLE
AS THEY MAKE DECISIONS.
TAX RETURNS ARE FINAL DOCUMENTS
AND THEY MUST BE PROVIDED.
I PERSONALLY WOULD LIKE TO GIVE
MR. MNUCHIN MORE OPPORTUNITY TO
COMPLY WITH THE LAW BUT IF HE
DOESN’T WE’LL HAVE TO FIGURE OUT
WHAT TO DO NEXT INCLUDING TAKING
HIM TO COURT.
>> CONGRESSWOMAN, THANK YOU VERY
MUCH FOR EVERYTHING THAT YOU DO.
>>> STILL AHEAD, SENATE MAJORITY
LEADER IS STANDING BY.
HE’LL JOIN US LIVE TO TALK ABOUT
THE PRESIDENT’S ROSE GARDEN
MELTDOWN YESTERDAY.
MELTDOWN YESTERDAY. IT WAS ALL PLANNED OUT.