Housing and Urban Development Secretary Ben Carson on Wednesday offered to educate Rep. Katie Porter (D-CA) about real estate owned property (REO), a term he appeared to be unfamiliar with during a Tuesday hearing.
During a House Financial Services Committee, Carson confused REOs with Oreo cookies as he was questioned by Porter about foreclosures.
“It was, first of all, it was 3 1/2 hours of testimony. So you can see that some of the networks are only interested those kinds of sound bites that they can use to ridicule,” Carson told Stuart Varney of the Fox Business Network.
“You know the fact of the matter is, I was having difficulty hearing her. And, of course, I’m very familiar with foreclosed properties. And with REOs. I have read extensively about them. Knew about them, even as a teenager. There was a lot of blighted areas in Detroit where I grew up.”
“But what is interesting, you know, that we, when a family gets into a problem with their mortgage and it is backed by our agency we go through a lot of procedures with the banks to make sure that they don’t get foreclosed upon. In a few cases where they do, obviously, we’re able to sell those properties very quickly. And the, REO portfolio, just over the last 10 years, has dramatically decreased by tenfold,” Carson added.
“You know, 65,000 down to 6500. So I suspect when Katie Porter was an expert in this area things were very different. That is why I invited her to speak with our staff that deals with these so they can bring her up to date. Maybe she would then be able to understand what is going on,” he concluded.
Porter said Wednesday that Carson’s responses at the hearing indicated he wasn’t prepared for his job.
“My questions were serious — they weren’t designed to be funny,” Porter said. “He’s clearly done absolutely nothing to even learn about this problem, much less address it.”
Shell-shocked manufacturers hammer Trump’s plan to impose sweeping new China tariffs: ‘We’re barely profitable now’
According to a report from the Washington Post, President Donald Trump is considering yet another wave of tariffs aimed at China, which has American manufacturers and farmers stunned after the economic battering they have already sustained during his trade wars.
The Post reports that the Trump administration is considering new tariffs on virtually all imports from China, which is receiving major pushback from representatives attending hearings being held by the Office of the U.S. Trade Representative (USTR).
Informal Trump legal advisor urges potential witnesses to ‘spit in the face’ of House committee chairs
On Monday, Politico reported that House Democrats, enraged at the White House's blanket use of executive privilege to stonewall all attempts to call witnesses in the investigation of possible obstruction of justice by President Donald Trump, are weighing the idea of calling Trump associates who have never worked in the White House, including former New Jersey Gov. Chris Christie and former Trump campaign chairman Corey Lewandowski.
But according to Joseph DiGenova, a former federal prosecutor and Fox News commentator who represented two witnesses in former special counsel Robert Mueller's probe and gives Trump informal legal advice, these witnesses should just "spit in the face" of investigators.
Donald Trump Jr torn to shreds for suggesting his dad has been treated worse than slaves and Native Americans
Donald Trump Jr. thinks his father has been treated worse than any human in American history -- including slaves, Native Americans and presidents who have been assassinated while in office.
After President Donald Trump told ABC News' George Stephanopoulos that "there's never been a time in the history of our country where somebody was so mistreated as I have been," Trump Jr. jumped on Twitter to defend his father and simply said that "he's right."
He’s right. https://t.co/ZRlenHkXrq