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.”
Lawrence O’Donnell throttles Donny Deutsch for saying Elizabeth Warren can’t beat Trump: ‘This is pure guesswork’
Lawrence O'Donnell and Donny Deutsch had quite the exchange in the post-debate conversation on MSNBC Wednesday.
Deutsch tried to say that Sen. Elizabeth Warren's outstanding debate performance doesn't matter because Warren can't win in a match-up against President Donald Trump.
"I do not believe Elizabeth Warren, on stage with Donald Trump, beats him," he told the MSNBC panel. "And I think if we're honest with ourselves and we look hard at ourselves, I think a lot of people agree with me. It's — and I also think when you can label somebody a socialist, 57 percent of this country thinks that word is un-American. I'm not saying it's fair. When he can blanket Elizabeth Warren as a socialist, and he's on stage with her, the Democrats lose."
Father and daughter drowning at the border fuels anger at Trump immigration policies
A shocking photograph of a Salvadoran man and his baby daughter drowned in the Rio Grande fueled a surge of emotion around the world Wednesday -- as US Democrats furiously denounced Donald Trump's immigration policies.
"Trump is responsible for these deaths," said Beto O'Rourke, one of several Democratic White House hopefuls who took to Twitter to lash out at the president.
Former vice president Joe Biden, who is also seeking the presidency in 2020, called the image "gut-wrenching."
"History will judge how we respond to the Trump administration's treatment of immigrant families & children -- we can't be silent," he said.
Senator Elizabeth Warren leads Democrats in spirited first 2020 debate
Ten Democrats clashed in the first debate of the 2020 presidential race Wednesday with Elizabeth Warren cementing her status as a top-tier candidate and several underdogs using the issue of immigration to clamor for the limelight.
The biggest American political debate since the 2016 presidential campaign is occurring over two nights in Miami, climaxing Thursday with former vice president Joe Biden squaring off against nine challengers, including number two candidate Bernie Sanders.
But Wednesday's first take was a spirited encounter between Democrats like ex-congressman Beto O'Rourke, Senator Cory Booker, former San Antonio mayor Julian Castro and New York Mayor Bill de Blasio on subjects as varied as health care, economic inequality, climate action, gun violence, Iran and immigration.