Political Quotes

“Thank you. And you know, as I was listening to your very clear presentation, Congresswoman Tubbs Jones, I kept thinking of all of the people who really believe in the American dream, who want to send their kids to college, who perhaps may want to start a small business and who know and recognize that the path to wealth in our country is through home ownership. And now, given that the equity has just about eroded, their dreams being shattered. You know, most Americans don't play in the stock market. You know, the only way they can acquire wealth is through home ownership. The only way they can live the American dream is through leveraging the equity in their homes to realize some of their dreams. And now, given this fiasco that we're experiencing, so many people will not realize their dreams. And so the legislation that you mentioned and more that are being talked about and introduced, will, in many ways help stop the hemorrhaging. But, you know, we have to look at this not only in the short-term perspective, but also the long term has to be addressed. And some of this has to do with the deregulation of the financial services industry. And we really need to look at some regulatory reform also in the long haul to make sure that this never happens again. It's almost been the 'Wild West' in terms of the financial industry.”