Political Quotes

“too many families in Missouri and across the Nation are feeling the pain of the housing crisis. They need our help now. This Senate is coming together on a bipartisan basis to provide some relief to deal with some of the real problems we find in communities throughout our Nation. Over the Easter break, I traveled around the State. I talked with a lot of folks who have a real and deep interest in this housing crisis. I met with families struggling under the threat of foreclosure, neighborhood groups counseling families on how to keep their homes, government officials at the local level--mayors and council members-- who were trying to find ways they could assist, community leaders asking for our help. They told me about the neighborhoods devastated by foreclosures. More critically, they told me of the personal problems faced by families running into foreclosure where their adjustable rates had risen so high they could no longer afford them. And they talked to me about the devastation of family after family being threatened with losing their home. I did not hear from speculators who overbuilt and are now caught with too much inventory. I did not hear from investors who bought a second or third vacation home, expecting that the price would go up more than they paid for it and now regret their bad decisions. And I did not hear from the greedy lenders who went out and offered terms that were too good to be true.”