Patrick McHenry actually said...
I am just going to voice my objections to that bankruptcy cramdown provision that is moving through Congress because if the ultimate objective of this committee and this Chamber is to see a recovery in the housing industry, we have to do what we can do to encourage capital back into the system, not force it out of the system.
Context
Opposes bankruptcy cramdown provision, arguing it harms future homebuyers and capital flow.
02/02/2009