I do not argue that there are not good things in this bill. In fact, when the Senator was referring to the liar loans, it was the Isakson-Landrieu amendment that we successfully added to this bill that defined that a qualified loan is to be exempt from risk potential because it requires income verification, requires an employer statement that the employee is hired, and it requires an income ratio that is sufficient to retire debt that is borrowed. My point was that when all of us make these remarks of what bills are and they are not, we ought to include all of the facts that are in there, not just a select few.
Johnny Isakson: “I do not argue that there are not good things in this bill. In fact, when the Senator was referring to the liar loans…”
On the recordMay 19, 2010
Editor's note · Context
Isakson discusses the importance of including all facts in the debate about a bill related to subprime loans.
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