Political Quotes

“I realize it doesn't relate to the funding in this bill--it would require that $50 billion of TARP money that will now be allocated be dedicated to foreclosure mitigation, including looking at the Sheila Baird FDIC proposal, but not exclusively so. Also, as a second part of that amendment, I suggest some alterations to the Hope For Homeowners Program that we think would make the program far more effective than it has been. Despite the good intentions of its authors last summer, myself included, it has not produced anywhere near the results we desired. These were suggested by Treasury and others who thought it would help make it more attractive to those in foreclosure. At the appropriate time, myself and Senators Martinez and Reid will offer this amendment. Again, I say to my good friend Senator Conrad and good friend Lindsey Graham, I respect the effort they are making. I don't think what they are talking about in the stimulus bill is justified when we can do it out of TARP, and the money that is being suggested should be more focused on stimulation and job creation.”