Political Quotes

“Mr. President, I would like to speak on a second amendment. Since a peak in 2006, housing prices, as we know in this country, have fallen by nearly one-third. Total homeowner equity slashed in half with the loss of more than $7 trillion. Some 6 million people have lost homes since the height of the financial crisis. Yet just yesterday we heard a leading Republican Presidential candidate tell an editorial board in Nevada that his solution to the Nation's housing crisis is to speed up the rate of foreclosures. This despite clear evidence that basic legal requirements have often gone ignored in foreclosure proceedings; this despite clear evidence that some banks have specifically targeted certain communities in specific neighborhoods for foreclosure; this despite the fact that persistent foreclosures are dragging down property values across the Nation. I remember some years ago in Cleveland, in Cuyahoga County in my State, we had more foreclosures--except for the moratorium year last year--every year than the year before for the last 14 years.…”