Political Quotes

On the recordDecember 17, 2010
It is unthinkable that we could have used TARP funds for every major corporation, all of the banks, all of the too-big-to fail, and yet we would deny homeowners in the heart of his State some assistance. What are we saying? These are people who have followed the American Dream, and we have found that all kinds of exotic products were put on the market. Many of them were tricked into signing on the dotted line, and now we have whole communities that are being boarded up, that are in foreclosure, communities that are being driven into the ground because cities can't afford to keep them up. We've done everything that we could do. We had the NSP. We have assistance to unemployed folks. We're trying to do everything with not a lot of help from the administration or from the regulatory agencies in general. The HAMP program simply has not worked. We need to send a message and a real substantive message to the people and homeowners of America that we care about them. We don't want them put on the street. We don't want them losing their homes.
Said by
Maxine Waters
Democratic · California
Source
govinfo.gov
Dec 17, 2010

Editor's note · Context

The speaker addresses the need for assistance to homeowners affected by the financial crisis.

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