There is also no question that many home buyers were willing parties to contracts that stretched them far beyond their financial means.
There is no question that many home buyers were sold inappropriate mortgages over the past several years.
The Fed is the central bank, supposed to be the lender of last resort. Now it has become the lender of first resort, it seems to me.
I hope we will not rush to consolidate all the bank regulatory systems. But I do believe that we need to go down that road and we need to do...
It has to be done right, though. You will have some lawsuits.
Along these lines, it is my understanding of the legal--you have got a first mortgage, then you have got a second mortgage.
Mr. Secretary, will those financial institutions that have already agreed to implement foreclosure mitigation plans be eligible for subsidie...
You know what I am asking, don't you?
Until we have a firm understanding, Mr. Secretary, of what is driving foreclosures, I believe assistance plans will continue to be ad hoc an...
I believe, however, that it does so at considerable cost to the taxpayer and mainly serves as a further bailout to the very banks that helpe...
I believe our immediate attention should be to help those most in need who can be helped and are willing to help themselves.