Press Releases
According to reports issued today, Freddie Mac placed multibillion-dollar bets that would pay out only if homeowners stayed trapped in expensive mortgages with interest rates well above current rates. In 2008, both Fannie Mae and Freddie Mac were bailed out by U.S. taxpayers and placed in federal conservatorship under the Federal Housing Finance Agency (FHFA).
Click on the image below to enlarge the letter.
Congresswoman Marcy Kaptur today announced three federal fire assistance awards: $308,750 to the Florence Township Fire Department for acquisition of a vehicle and two awards to the Carlisle Township Fire Department totaling $350,493 for vehicle acquisition, operations and safety. Funding was made available through the U.S. Department of Homeland Security's Assistance for Firefighters Grant (AFG) program.
Eligible uses for the grant money are training, equipment, personal protective equipment, wellness and fitness, and health and safety modifications to stations and facilities.
Congresswoman Marcy Kaptur today praised the Navy SEALS who rescued an American citizen who had been kidnapped and held hostage for three months by pirates in Somalia.
"Our nation owes a debt of gratitude to these brave warriors who once again have served their country with remarkable courage and skill," said Congresswoman Kaptur.
Congresswoman Marcy Kaptur (OH-09) issued the following statement following President Obama's State of the Union Address:
"As I listened to the president share his vision of a strong America, where our workers innovate and manufacture and compete, I thought about the North Coast and Northern Ohio--because that's what we do.
"When the president talked about "Made in America," I saw the faces of steel workers and autoworkers and solar factory workers--because that's who we are.
"Julie was my first and only choice and I am so pleased that she will be able to attend," said Congresswoman Kaptur.
"Her presence in the gallery of the House of Representatives for the president's speech will certainly add a grace note to the evening."
Julie's husband, Andrew Dunn, was killed in the line of duty on March 19, 2011 at the age of 30. Julie survives along with two young sons, Caleb and Connor.
Congresswoman Marcy Kaptur and over a dozen other members of Congress sent a letter to President Obama today urging the White House to take strong action to end the foreclosure, abandonment, and vacancy crises in our region.
Congresswoman Marcy Kaptur announced two awards for the University of Toledo University Transportation Center (UTC) from the U.S. Department of Transportation as part of a larger grant of $77 million awarded to several consortia of UTCs for transportation research and education.Kaptur was responsible for adding the University of Toledo to the SAFETEA-LU Act of 2005 as a University Transportation Center.
"OAI is an important partner in our regional job creation strategy, said Kaptur. "Through partnership and innovation, OAI provides value in the aerospace industry. By creating an international alliance with Canada, OAI extends our reach on the continent as leaders in aviation, aerospace, and aeronautics."
"As a Polish-American, I fail to see the humor when the president of a university that is home to the Center for Slavic and East European Studies describes bureaucratic turf battles with administrators at his school as 'shooting each other...kind of like the Polish Army,'" said Kaptur. Nearly half a million Polish Americans reside in Ohio alone.