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Tuesday, September 12, 2006

Housing Bubble Senate Hearings

by Calculated Risk on 9/12/2006 05:48:00 PM

UPDATE: Here is the Senate site: The Housing Bubble and Its Implications for the Economy. If it isn't on C-Span, they may have a link for live broadcast on the net.

Reuters reports: Lawmakers to probe housing "bubble," mortgages

U.S. lawmakers will question some leading government and industry economists about the perils of a possible 'housing bubble' in a Wednesday hearing.

Lawmakers wanted the session "because we've heard a great deal about the possibility of a housing bubble for several years now," said Sen. Wayne Allard, a Republican from Colorado.

The hearing, "The Housing Bubble and its Implications for the Economy," will be held in an open session of the Senate Banking Committee at 10 a.m..

Next week, the same committee will hold a hearing on the growth of innovative mortgage products that have mushroomed along with the housing sector.
...
The lawmakers will hear from several chief economists like Richard Brown of the Federal Deposit Insurance Corporation, Patrick Lawler of the Office of Federal Housing Enterprise Oversight, Dave Seiders of the National Association of Homebuilders and Tom Stevens of the National Association of Realtors.

The witness list has not been confirmed for the hearing on non-traditional mortgages tentatively scheduled to be held next Wednesday, September 20.
Thanks to paper-money who urges everyone to call c-span:
I have just called C-Span to request that this hearing be broadcast. Currently, it’s not certain that this hearing will be covered in tomorrow’s lineup.

I STRONGLY encourage anyone to either call or send an email to C-Span requesting that they cover these hearings.

C-Span by Phone: Dial (202)-737-3220 and tell the operator that you want to request programming of a congressional hearing. He will put you through to a menu that leads to the program director that covers congress.

C-Span by Email: events@c-span.org