And I was shocked to visit Davenport, Iowa, the largest city in my district, and learn that Davenport leads the country per capita in the number of subprime mortgage foreclosures. And I know that all of you have constituents in your districts that are being impacted directly by the subprime crisis. And although our friend from Wisconsin certainly spent a lot of time talking about the Green Bay Packers, and I know that's heresy in the State of Minnesota, what I thought maybe we could do is share some of the personal stories we've heard from people who are directly impacted by these mortgage foreclosures by the need to convert their spending habits to credit rather than cash because they're being pinched in the middle, and put a human face on the problems we're talking about and why this economic stimulus package is so important.
Bruce L. Braley: “And I was shocked to visit Davenport, Iowa, the largest city in my district, and learn that Davenport leads the country…”
Editor's note · Context
Addressing the impact of subprime mortgage foreclosures in Davenport, Iowa, during a discussion on economic stimulus.
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