Political Quotes

“as I think we all know, far too many families in America are seeing the American dream of owning their own home slip away. Over the Easter break, I toured the State of Missouri. In every community around the State I met with people who are struggling under the threat of foreclosure, neighborhood groups concerned about the impact of foreclosure on their families and on their communities, mayors, city council leaders who are seeing their communities threatened seriously by this spate of subprime foreclosures, and most of all mothers and fathers with children who are facing the loss of their home. I did not talk with speculators, investors, or the folks on Wall Street, but the people I talked to did have a number of thoughts-- thoughts they believe would help them keep the promise of keeping their home. They did not want a Federal bailout. But they were looking for ways to make the system work for them. Some of the suggestions they made were at the macro level and, among others, they said there ought to be regulation--probably Federal regulation--of those who originate mortgages.”