Political Quotes

On the recordSeptember 11, 2013
I do believe that this political mandate to expand mortgage lending to people, including some who were not able to pay back those mortgages, was absolutely at the heart of the financial crisis that we just went through.
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Toomey links government lending policies to the financial crisis.

Share

More from Pat Toomey

Jul 21, 2022

Among the most fundamental aspects of our republic, and a democratic system is to accept the outcome of elections.

msnbc.com
Jul 11, 2022

As I've stated before, we should not pay for an infrastructure package by borrowing billions more dollars.

congress.gov
Aug 1, 2022

Democrats' wasteful spending, growth-killing regulation and excessively accommodative monetary policy are exactly what led to 40-year high inflation.

congress.gov
Aug 1, 2022

We should avoid the temptation to adopt new so-called tenant protections or permanent rental assistance that will have negative unintended consequences.

congress.gov

Other voices in this conversation