Political Quotes

“I rise to express my optimism for the bill we are about to pass--and it will pass--and my appreciation that we have reached the point that we can get this done for the American people. Mr. President, every day the mortgage crisis grows worse. We have reached a point where hundreds of families have either lost their homes or may lose them, and soon that will be in the tens of thousands. As bad as the crisis is now, there is reason to believe we are only in the early stages. Some may say: If a borrower gets into financial trouble, it is their obligation, and their obligation alone, to find a way out. But that isn't the way it works. The cost of a foreclosed home has an impact on all of us--not just the borrower but all of us. Families lose the roof over their heads and the equity they have gained. Neighborhoods suffer the loss of property values. Cities and towns lose taxes. Lenders and their shareholders lose too. And it is no exaggeration to say the entire national economy is put at risk.”