Why I don't trust anybody running this country (USA)

[TheCrimsonStar]

In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn) proposed that borrowers be required to make a 5% down payment in order to qualify. His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained,

"Passage of such a requirement would restrict home ownership to only those who can afford it."

This is the way these people in Washington think.

I can't add anything to this.

Learn from the mistakes of others.......you can't live long enough to make them all yourself.

 

[orthancstone]

Wish I could find something that provided context on this quote. So far Google only provides information with this exact cutout of information and nothing more, which makes me quite skeptical that the quote is really so clear cut.

Big surprise, another search with better parameters solved the riddle:

http://www.factcheck.org/2010/06/satire-alert-dodds-quote-on-mortgages/

 

[eunoia]

That's why I don't trust what people post in internet forums.

Good job orthancstone!