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Unidentified Speaker, -
FROM CAPITOL HILL, THE RUSSELL SENATE OFFICE BUILDING. THANKS FOR BEING
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| 00:00:09 |
Casey, Libby - Host
HERE THIS MORNING. GUEST: GOOD MORNING, LIBBY. HOW ARE YOU? HOST: GOOD. YOU HAVE LEGISLATION CALLED THE MORTGAGE FINANCE ACT AND IT WOULD GET RID...
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| 00:00:18 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
MAE AND FREDDIE
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| 00:00:21 |
Casey, Libby - Host
MAC, WHY? GUEST: THEY ARE A TARNISHED BRAND AND AFTER THE COLLAPSE OF SUBPRIME MORTGAGES, MANY OF WHOM WERE GUARANTEED BY FREDDIE AND FANNIE, THEY COST...
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| 00:00:29 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
TAXPAYERS ABOUT $197 BILLION AND THEY ARE A BROKEN SYSTEM AND DAMAGED SYSTEM IN TERMS OF THEIR BRAND BUT THEY ARE THEIR KEY SECURITIZATION MORTGAGE...
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| 00:01:18 |
Casey, Libby - Host
PROGRAM, EVENTUALLY TRANSFERRING MORTGAGE PROGRAMS TO THE PRIVATE SECTOR. IT ALSO CREATES A SELF-FUNDING CATASTROPHIC FUND TO PREVENT TAXPAYER BAILOUTS...
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| 00:01:43 |
Casey, Libby - Host
A SINKING FUND WHICH BACKS UP A CATASTROPHIC INSURANCE CALL OF SOME TYPE. WHEREBY AFTER THE G.C. PAYS FOR THE OPERATION OF THE MORTGAGE FINANCE AGENCY,...
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| 00:02:18 |
Casey, Libby - Host
YOU HELPED MILLIONS OF UNDERWATER MORTGAGERS. AND THE OBAMA ADMINISTRATION PUT FORTH SOMETHING SIMILAR. DO YOU THINK THAT WAS A SUCCESSFUL COLLABORATION...
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| 00:02:41 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
GEORGIA, HAVE UNIQUE SIMILARITIES IN THIS HOUSING CRISIS. WE HAVE AN AWFUL LOT OF FAMILIES WHO ARE MAKING THEIR MONTHLY PAYMENTS ON TIME BUT THEIR...
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| 00:03:28 |
Casey, Libby - Host
THINGS THE SENATE IS FACING THIS WEEK, HERE ARE THE NUMBERS TO CALL, DEMOCRATS, 202-737-0001. REPUBLICANS, 202-737-0002. INDEPENDENT CALLERS, 202-628-0205....
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| 00:03:53 |
CALLER, -
TO ME, RIGHT, BUT WHEN ARE THEY GOING TO LET THE AMERICAN PEOPLE GO THROUGH WITH THE PROGRAM? IS IT ALL THE TIME THE REPUBLICANS ALWAYS WANT TO STOP...
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| 00:04:18 |
Casey, Libby - Host
WITH THE PRESIDENT, DISAGREEING WITH THE PRESIDENT. AND LIKE I'M JUST -- SKIP THE SUBJECT. WE WERE TALKING
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| 00:04:24 |
CALLER, -
ABOUT FREDDIE MAC AND FANNIE MAE, BUT WHAT ABOUT THE OTHER PEOPLE WHO STARTED THIS STUFF IN THE FIRST PLACE, WHAT ARE YOU GOING TO DO ABOUT THEM? ...
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| 00:04:39 |
Casey, Libby - Host
SENATE? DO YOU THINK THAT THE SENATE IS HOLDING THINGS UP IN TOO STRONG OF A WAY AND NOT LETTING THE PRESIDENT MOVE FORWARD? GUEST: WELL, PARTISANSHIP,...
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| 00:04:54 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
REMIND THE LISTENER THAT THE SENATE PASSED A BIPARTISAN HIGHWAY BILL WITH 80 VOTES, A BIPARTISAN EXTENSION OF THE F.A.A. WHICH HAS BEEN LING WISHING...
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| 00:05:34 |
Casey, Libby - Host
A POST-IT NOTE. RATHER HE -- EXCUSE ME. A REPUBLICAN STRATEGIST AND SPOKESMAN SAID, CRITICIZED THE PRESIDENT FOR SAYING HE'S REDUCED THE ISSUES...
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| 00:06:10 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
YEAR WHERE EVERY TAX RATE EXPIRES AND IT GOES BACK TO THE CLINTON ADMINISTRATION. SOME OF THE TAX DEDUCTIONS EXPIRE BUT A LOT OF THEM DO NOT. I HAPPEN...
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| 00:06:52 |
Casey, Libby - Host
YOU? CALLER: HE IS
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| 00:06:55 |
CALLER, -
THE BEST POLITICIAN WE HAVE IN THIS STATE. GUEST: THANK YOU VERY MUCH. CALLER: I HAVE A POLICY QUESTION. THE LAST TIME I CAUGHT UP WITH
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| 00:07:02 |
CALLER, -
YOU, JOHNNY, IT WAS IN EARLY TWINE AFTER YOUR VOTE FOR TARP AND I NOTED THAT THERE
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| 00:07:06 |
CALLER, -
WAS MISSPENDING ALL OVER THE PLACE IN THAT BILL. AND YOU ADMITTED YOUR MISTAKE AND SAID THOSE THINGS WERE WHY YOU DIDN'T VOTE FOR THE SECOND INSTALLMENT...
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| 00:08:39 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
PAYMENT. WHAT I SUPPORT IS MORTGAGE -- PRIVATE MORTGAGE SHUSHES TO INSURE 15% OF THE TOP 20% DOWN PAYMENT WHICH IS CALLED P.M.I. IN TERMS OF THE RISK...
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| 00:10:26 |
Casey, Libby - Host
MANDATED THAT FREDDIE AND FANNIE BUY WHAT WAS THEN CALLED
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| 00:10:30 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
AFFORDABLE HOUSING LOANS WHICH WERE SUBPRIME MORTGAGES OR MORTGAGES MADE TO BORROWERS THAT WERE LESS THAN PRISTINE CREDITS AND WHEN THAT HAPPENED...
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| 00:11:21 |
Casey, Libby - Host
THE LAST CALLER'S WORD FOR IT THAT YOU ARE A HELL OF A NICE GUY. BUT HERE'S THE
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| 00:11:27 |
CALLER, -
DEAL. IF YOU WANT TO GET THIS HOUSING MARKET ON THE UPSWING, THESE BANKS HAVE TO GO ON A IF YOU CAN PAY MORTGAGE, NOT YOUR CREDIT BUREAUS, BECAUSE YOUR...
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| 00:12:51 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
YEAR ONCE A YEAR TO ACCESS A FREE CREDIT REPORT OF YOUR OWN CREDIT AND IF YOU FIND SOMETHING WRONG WITH THAT TO BE ABLE TO DEAL WITH THE CREDIT COMPANIES...
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| 00:13:39 |
Casey, Libby - Host
OF ALL, THANK YOU, C-SPAN. I
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| 00:13:42 |
CALLER, -
LOVE THE "WASHINGTON JOURNAL" BECAUSE IT GIVES EVERYONE A CHANCE TO CALL IN AND EXPRESS THEIR OPINIONS. AND THIS IS A HOT TOPIC FOR ME. THIS IS MY...
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| 00:15:19 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
VALUES WHICH HAVE TAKEN THEM UNDERWATER THROUGH NO FAULT OF THEIR OWN AND THEY FEEL TRAPPED WHICH IS WHY WE INTRODUCED THE BOXER-ISAKSON LEGISLATION...
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| 00:16:20 |
Casey, Libby - Host
FOREIGN RELATIONS, COMMERCE, SCIENCE AND TRANSPORTATION. ALSO HELP, WHICH IS THE HEALTH, EDUCATION, LABOR AND PENSION. HE HAS A CAREER AS A REALTOR....
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| 00:17:13 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
THOSE UNIONS. BUT THE NATIONAL LABOR REPROLIFERATIONS BOARD JUST APPROVED LAST WEEK A REQUEST BY LOCAL 1102 IN NEW YORK TO ORGANIZE THE SHOE DEPARTMENT...
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| 00:18:19 |
Casey, Libby - Host
WE LOST HER, UNFORTUNATELY. LET'S GO ON TO OUR NEXT CALL. HOPEFULLY WE'LL GET SOME MORE GEORGIAN CALLS. WE HAVE ROBERT, INDEPENDENT IN HOUSTON, TEXAS....
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| 00:18:35 |
CALLER, -
LEANING TOWARD ROMNEY. ROMNEY HAS SAID SOME CRAZY
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| 00:18:39 |
CALLER, -
THINGS THAT KIND OF SCARES ME. LIKE YOU SAID, YOU SIGNED FOR THE TARP MONEY ON THE FIRST ROUND AND YOU ALWAYS SIGNED THE BAILOUT FOR FANNIE MAE AND...
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| 00:19:14 |
CALLER, -
HAVE AN IDEA BUT I THINK IT'S SOMETHING LIKE A THIRD. HOST: SENATOR ISAKSON, CAN YOU REFLECT ON OUR HOUSTON CALLER'S COMMENTS ABOUT MITT ROMNEY'S
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| 00:19:22 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
POSITIONS ON THE AUTO BAILOUTS, ALSO ON THE MORTGAGE
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| 00:19:25 |
Casey, Libby - Host
BAILOUT? GUEST: WELL, LET ME COMMENT ON MY ANSWERS IF I CAN. I DON'T LIKE TO INTERPRET FOR OTHER PEOPLE. BUT I VOTED FOR THE TARP AND THE TARP WORKED...
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| 00:19:34 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
STATES IS IN THE BLACK AND THE BANKING SUPPORT WAS SUPPORTED AND DID NOT COLLAPSE AND THAT'S A GOOD RESULT. THE REASON I DIDN'T VOTE FOR THE BAILOUT...
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| 00:20:44 |
Casey, Libby - Host
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| 00:20:46 |
CALLER, -
THING. TO ME IT SEEMS THAT IT WAS LIKE A PONZI SCHEME WITH THE BANKS CREATING CREDIT SWAUP DEFAULT AND -- SWAP DEFAULT AND GIVING PEOPLE LOANS THEY...
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| 00:22:24 |
Casey, Libby - Host
RIGHT. THERE WERE A LOT OF LENDERS, SOME OF THEM NOT BANKS, MORTGAGE BROKERS WHO
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| 00:22:28 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
WERE MAKING LOANS TO PEOPLE WHO WERE NOT PREPARED TO PAY THEM BACK AND THEY WERE MAKING WHAT THEY CALLED STATED INCOME LOANS BUT YOU ASK ME, HOW MUCH...
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| 00:23:30 |
Casey, Libby - Host
HAVEN'T TALKED ABOUT THAT I HEARD A LOT ABOUT IN HOUSING IS
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| 00:23:34 |
CALLER, -
THIS A.G. SETTLEMENT THAT WENT OUT I THINK TO 49 STATES. COULD YOU PLEASE EXPLAIN THAT THIS MORNING? GUEST: WELL, THE FEDERAL GOVERNMENT TOOK ON...
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| 00:23:49 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
IT STARTED WITH THE SIGNING, I DON'T WANT TO GET INTO TOO MUCH DETAIL, BUT A LOT OF THESE BIG BANK OPERATIONS HAD BACK ROOM OPERATIONS WHERE THEY HAD...
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| 00:24:45 |
Casey, Libby - Host
AND PENSION. HE'S THE VICE CHAIR OF THE SELECT ETHICS AND IS ON COMMERCE, SCIENCE AND TRANSPORTATION, SERVING HIS SECOND TERM IN THE U.S. SENATE....
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| 00:25:31 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
TALIBAN AND AL QAEDA AND OTHER SUCH OPERATIVES, WINDOW OF OPPORTUNITY TO PLAN WHEN WE'RE GONE. OF COURSE, YOUR QUESTION IS MOST PERCEPTIVE, LIBBY,...
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| 00:26:53 |
Casey, Libby - Host
PLEASURE, AND I GOT TO COMMENT ON THE FACT THAT YOU'RE VERY
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| 00:26:57 |
CALLER, -
KNOWLEDGEABLE ABOUT THE LENDING INSTITUTION IN GENERAL. AND IT'S NICE TO KNOW THAT SOMEBODY UP THERE HAS A GRASP OF WHAT'S GOING ON. GUEST: THANK...
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| 00:27:16 |
CALLER, -
A SEMIPRIME AND VARIABLE INTEREST LOANS, THEY'RE PACKAGED TOGETHER WITH EVERYTHING. IN OTHER WORDS, YOU GOT GOOD LOANS AND BAD LOANS IN THERE. AND...
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| 00:28:46 |
Casey, Libby - Host
TO AN ALCOHOLIC. WHEN CONGRESS TOLD THEM THEY HAD TO BUY A CERTAIN PART OF THEIR PAPER IN
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| 00:28:51 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
AFFORDABLE HOUSING LOANS AND WALL STREET CREATED THE SUBPRIME PACKAGE, FANNIE MAE ENDED UP PROVIDING THE LIQUID OFITY OF THAT PACKAGE BY BUYING SECURITY....
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| 00:29:41 |
Casey, Libby - Host
WHAT IS THE REASON FOR THESE -- I KNOW THAT WE
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| 00:29:47 |
CALLER, -
HAVE VOTER REGISTRATION COMING UP IN NOVEMBER. WHY IS IT SO UNNECESSARY FOR THE REPUBLICAN PARTY TO HOLD MOST OF THE THINGS THAT OBAMA WANTED TO DO...
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| 00:30:46 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
ADDRESS THAT FOR ONE SECOND. CONGRESS NEEDS TO COME TOGETHER WITH THE ADMINISTRATION AND HAVE AN ENERGY POLICY IN THE UNITED STATES. ONE OF OUR VULNERABILITIES...
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| 00:32:08 |
Casey, Libby - Host
A PROFILE IN "THE WASHINGTON TIMES" TODAY OF THE PRESIDENT OF TANZANIA, ONE OF UGANDA'S NEIGHBORS, LOOKING AT FOOD AID AND THIS NEW PACT THAT CAME...
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| 00:32:45 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
OF TANZANIA, WHOM I MET WITH, DESERVES A LOT OF CREDIT ON MANY FRONT. TANZANIA IS ONE OF THOSE COUNTRIES THAT HAVE TAKEN OVER ON THE PET FAR PROGRAM,...
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| 00:34:20 |
Casey, Libby - Host
JOSEPH KONY, KONY 2012 VIDEO THAT IS A LOT, THE FOCUS HEAR, HEAR IS WORTHWHILE? HOST: I WAS GLAD THAT THE PRESIDENT -- GUEST: I WAS GLAD THAT THE...
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| 00:34:38 |
Casey, Libby - Host
CONGO, CENTRAL AFRICAN REPUBLIC, SOUTH SUDAN ARKS ADVISORS WITH
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| 00:34:42 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
A LIMITED BUT AID IN THE CAPTURE OF JOSEPH KONY. KONY HAS BEEN ON THE RUN FOR 26 YEARS. HE'S BEEN CREDITED FOR KILLING 66,000 PEOPLE, DISPLACING...
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| 00:35:33 |
Unidentified Speaker, -
A BETTER PLACE WITHOUT KONY. HOST: AND THEY MAY PARDON THE ASSOCIATE YOU MENTIONED WAS RECENTLY CAPTURED? GUEST: DON'T OVERREACT TO THAT. WE HAVE...
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| 00:35:44 |
Casey, Libby - Host
PROGRAM WE'VE HELPED THEM DEVELOP OF PSYCHOLOGICAL WARFARE FOR THOSE WHO HAVE
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| 00:35:49 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
BEEN ADUCTED BY CONEY TO GET THEM TO COME BACK FOR REPATRIATION AND IN TERMS OF INFORMATION LEADING TO THE CONVICTION AND CAPTURE OF KONY. THAT...
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| 00:36:18 |
Casey, Libby - Host
ALWAYS BEAUTIFUL IN INDIANA. CALLER:
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| 00:36:20 |
CALLER, -
I AID PLIDE FOR VETERANS DISABILITY BENEFITS TWO YEARS AGO AND I HAVE NOT HEARD WORD
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| 00:36:25 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
ONE. I THOUGHT THOSE WOULD BE EXPEDITED AND
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| 00:36:28 |
CALLER, -
I'M GETTING VERY DISCOURAGED WITH THIS. CAN YOU TELL ME WHAT'S GOING ON? GUEST: WELL, I'M VERY DISCOURAGED WITH IT TOO. THE PERIOD OF TIME IT'S TAKING...
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| 00:36:40 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
IS FOLETLY UNACCEPTABLE. SECRETARY SHINSEKI, WHO IS A WONDERFUL MAN AND A MAN I HAVE TREMENDOUS RESPECT FOR, STILL HASN'T BEEN ABLE TO GET HIS ARMS AROUND...
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| 00:37:37 |
Casey, Libby - Host
TO THE SENATOR. I WANT
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| 00:37:41 |
CALLER, -
TO GIVE HIM THANKS FOR HIS TIME ON C-SPAN. GUEST: THANK YOU. CALLER: SENATOR, WHEN YOU FIRST WERE ELECTED, I WROTE YOU A LETTER. I NEVER RECEIVED...
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| 00:37:56 |
CALLER, -
RESPONSE. MAYBE YOU WILL SPEAK BECAUSE YOUR OFFICE WAS NOT ORGANIZED. THE OTHER THING, MY FAMILY HAS BEEN ARRESTED IN GEORGIA FOR ABOUT 50 YEARS...
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| 00:38:54 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
SENATE AND HE WANTS MY VIEW ON ANSWERING QUESTIONS. BECAUSE OF THE ANTHRAX ATTACKS AND THE 9/11 ATTACKS ON CONGRESS WHICH WAS BEFORE I GOT TO THE SENATE,...
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| 00:40:01 |
Casey, Libby - Host
YOUR AGENDA IN UGANDA. IT SEEMS AS THOUGH, YOU KNOW, WE HAD SOME
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| 00:40:06 |
CALLER, -
ISSUES WITH THE FOOD THAT'S BEING IMPORTED THROUGH USAID. THERE HAS BEEN MASS DEATH THERE AND I'M JUST KIND OF CONCERNED, YOU KNOW, WHAT AMERICA IS...
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| 00:40:52 |
Isakson, John "Johnny" - U.S. Senator, [R] Georgia
CONTROL, WHICH BY THE WAY IS IN ATLANTA, IS THE WORLD'S AGENCY TO TRY TO PROTECT AGAINST PANDEMIC AND CONSTAGEONS, MEEZELES, TETANUS, THINGS THAT ARE...
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| 00:41:55 |
Casey, Libby - Host
CAN YOU COMMENT? GUEST: WELL, THAT'S WHY IT'S REPLACED WITH A MORTGAGE FINANCE AGENCY WHICH HAS THE 10-YEAR WORKING PERIOD TO PRIVATIZE ITSELF. THE...
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| 00:42:33 |
Casey, Libby - Host
THE HEARTS AND MINDS IN THE MIDDLE EAST THROUGH PUBLIC DIPLOMACY. FIRST THIS NEWS UPDATE
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| 00:42:37 |
Casey, Libby - Host
FROM C-SPAN RADIO. >> IT'S 9:17 A.M. EASTERN TIME. JERRY MORAN, MARCO RUBIO AND CHRIS COONS
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| 00:42:49 |
Unidentified Speaker, -
PLANS TO HAVE A THE CREATION AND GROWTH OF NEW BUSINESSES BY A BIPARTISAN BILL CALLED THE STARTUP ACT 2.0. IN AN OP-ED ARTICLE THEY WRITE THEY WANT...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.