Political Quotes

On the recordJuly 13, 2009
But at the end of the day, if we allow millions of people based upon incentives that move individuals to try--entities to try to move individuals to products that are good for the lender and/or the broker but bad for the consumer and millions ultimately make a mistake and then create the consequences that we have today in the housing market, it affects all of us.
Said by
Bob Menendez
Democratic · New Jersey

Editor's note · Context

Menendez emphasizes the broader economic impact of poor lending practices on consumers.

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