“For 250 years, Americans have been willing to take risks and innovate, and compete, and dream bigger.”

Political Quotes

On the recordJune 26, 2008
The heart of the economic crisis is the housing crisis, and for anyone who doubts it, the heart of the housing crisis is the foreclosure crisis. We now have roughly 8,500 foreclosures a day occurring in the United States. This is no longer a question that has merely affected the subprime lending market. It has now spread to the prime market area as well. It is affecting student loans, municipal finance, commercial financing. It has had a tremendous impact on global markets as well.
Said by
Chris Dodd
Democratic · Connecticut
Source
govinfo.gov

Editor's note · Context

Discussing the housing crisis and its broader economic implications before the Independence Day recess.

Share

Share on XShare on FacebookEmail this quote

More from Chris Dodd

Nov 30, 2010

I frankly don't see the sovereignty issue as playing a role as an impediment as much as the sheer ability of the cartels to corrupt.

congress.gov
Nov 30, 2010

first of all, let me express my gratitude to all of the colleagues and other individuals who have come to the Chamber at this moment. Everyone who serves in Congress usually recalls two moments in their service: the maiden speech they give…

govinfo.gov
Nov 30, 2010

Maybe we ought to be spending a little more time looking at the relationships at that level.

congress.gov
Nov 30, 2010

You've always understood that advancing justice for the peoples of the Americas puts the United States on the right side of history and advances U.S. national security at the same time.

congress.gov
View all Chris Dodd quotes

Other voices in this conversation