Political Quotes

On the recordMarch 29, 2011
I yield the gentlewoman an additional minute. Mrs. McCARTHY of New York. Supporting efforts to terminate these housing assistance programs means turning your back on your own constituents. Mr. Chairman, we have our disagreements. There's no two ways about it. But with that being said, to judge a program from the beginning when we couldn't get servicers, now we are getting servicers, now we are getting people to be responsive on getting people to stay in their homes. And think about it: All these homes that are being lost to families, where are they supposed to go? In New York, you can't find an apartment, so what are we doing, making more people homeless? It was not the fault of the homeowners. I agree, there were many people that shouldn't have probably bought a house for $700,000 or $800,000. The majority of us here in Congress couldn't even afford something like that. They should have never been given a mortgage. All of us, when we bought our homes, had to go through the third degree. How much money do you earn? Can you pay the insurance? Can you pay your taxes? That's why we also put legislation in there to have the servicers help them.
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Barney Frank
Democratic · Massachusetts

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