Political Quotes

“That's the point. So the deal is: Is it the job of the American public to bail out people who make irresponsible loans? How about all of the people who get loans, who make their mortgage payments, who do everything by the book, who then get hammered because somebody else didn't do it that way? That's the basic question. Is there any sense of fairness in this? Is this a good way to run a ship? Because what we're doing is creating an incentive for people to do the wrong thing, which is to take loans they can't afford to pay. They put more stress on their own families economically. How is that compassionate, by the way, when you're the dad, supposedly providing for your family, and you're in danger every month of the mortgage payment, and they're going to put you and the kids and the sofa out on the front sidewalk? That's not compassionate. Yet that's what these policies on Freddie and Fannie are doing. So we need to reform Freddie and Fannie, and apparently, we're not willing to do that.”