Topic - Michael Dean Crapo

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  • Sen. Mike Crapo (right), Idaho Republican, confers with Sen. Rand Paul, Kentucky Republican. He aims to revamp a $10 trillion mortgage market, the largest piece of unfinished business from the 2008 credit crisis. (Associated press)

    GOP: Finding the middle ground

    Sen. Mike Crapo, Idaho Republican, has been in a yearlong tug of war to revamp the nation’s $10 trillion mortgage market.

  • The Senate Banking Committee this month is expected to mark up the bipartisan bill drafted last month by Chairman Tim Johnson, South Dakota Democrat (left), and the committee's ranking minority member, Sen. Mike Crapo, Idaho Republican (right), The bill would phase out Fannie and Freddie while setting up a new agency to offer a much more limited government guarantee on securities backed by prime mortgages. (ASSOCIATED PRESS)

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  • **FILE** U.S. Sen. Mike Crapo, Idaho Republican, gives his victory speech at the Republican Party election headquarters at the Doubletree Riverside Hotel in Boise, Idaho, on Nov. 2, 2010. (Associated Press)

    Idaho Sen. Crapo pleads guilty to DWI charge

    Idaho Republican Sen. Michael Crapo pleaded guilty Friday to a charge of driving while intoxicated and then apologized for his actions and asked forgiveness from his constituents.

  • Sen. Crapo won't fight DUI charge

    WASHINGTON (AP) — U.S. Sen. Michael Crapo, the Idaho Republican arrested on suspicion of drunken driving, doesn't plan to fight the charges when he appears in court in January, a spokesman said Friday.

  • ** FILE ** Sen. John F. Kerry, Massachusetts Democrat, shakes hands with actor Ben Affleck during a meeting with lawmakers on Capitol Hill in Washington on Wednesday, Dec. 19, 2012, to discuss the crisis in the Democratic Republic of Congo. (AP Photo/Jose Luis Magana)

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  • ** FILE ** In this Nov. 2, 2010 photo, U.S. Sen. Mike Crapo, Idaho Republican, gives his victory speech at the Republican Party election headquarters held at the Doubletree Riverside Hotel in Boise, Idaho. Authorities say Crapo has been arrested and charged with driving under the influence Sunday, Dec. 23, 2012 in a Washington, D.C. suburb. (AP Photo/Matt Cilley, File)

    Idaho senator facing DUI had image as teetotaler

    U.S. Sen. Mike Crapo's arrest early Sunday in a Washington, D.C., suburb on suspicion of drunken driving suggests a private life that departed from his public persona as a teetotaling member of The Church of Jesus Christ of Latter-day Saints.

  • George H.W. Bush

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  • Sandy Adams, Florida Republican, says the House GOP bill will not include "controversial issues that would actually detract" from the Violence Against Women Act. (Associated Press)

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  • A recently disclosed 2008 letter from Sen. Mike Crapo of Idaho to the Department of Agriculture supported a loan-guarantee application for Open Range Communications, which the letter said would make it possible for millions of rural Americans to gain access to wireless Internet. The company, which won a $267 million loan guarantee, has filed for bankruptcy. (Andrew Harnik/The Washington Times)

    Bankrupt wireless firm got loan push from taxpayer 'superhero'

    Hailed as a "superhero" by taxpayer watchdogs, Republican Sen. Mike Crapo quietly petitioned the George W. Bush administration to award a massive loan guarantee to a wireless company that just went bankrupt, owing U.S. taxpayers more than $70 million.

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Quotations
  • "We've taken it from where the government is essentially shareholder, board of directors and CEO of the mortgage market — and a first-line position for loss — and moved them to a point where it's extremely remote that they'd be even called upon for any kind of a financial role in the market," said Mr. Crapo. "So I think that's a critical step."

    GOP: Finding the middle ground →

  • "The bottom line is: If you look at the status quo, you have Fannie Mae and Freddie Mac. And if you add the [Federal Housing Administration], 95 percent of the market is now dominated by the government," said Mr. Crapo. "If we stay where we are, we are back to a very heavy hand of the government regulating the industry and controlling, literally, the markets."

    GOP: Finding the middle ground →

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