Mike Johanns actually said...

But if the only option is for these people who are in default or have missed payments, if the only option is bankruptcy, they will probably take that option.

Context

Johanns warns that limited options may lead to increased bankruptcies.

02/25/2009

https://www.congress.gov...

More Mike Johanns Quotes

This is one of those events in our life where every single one of us, when asked about that morning, that fateful morning, we can describe e...
9/10/2013
I regard as unsustainable.
7/22/2013
We appreciate that thought has been given to the ramifications for home mortgage finance.
7/22/2013
Access to the secondary market is a necessary tool to mitigate that risk.
7/22/2013

View All Mike Johanns Quotes