Political Quotes

On the recordFebruary 22, 2010
I want to inform you that among the issues that I heard about when I was home were still concerns from automobile dealers about franchises that have been put in jeopardy due to the automobile issue with General Motors; I heard about people who are trying to build houses in Wyoming and would create jobs in Wyoming doing so and had the building permits and the need for the housing confirms but that financing for building construction in Wyoming remains impossible to get because of new bank regulations that require two-thirds more security for those loans than was previously the case. Banks are simply unwilling to lend under the same terms that they would before to risk-takers who hire people to create jobs to build wealth and value in this country and who have strong credit ratings themselves and solid track records of producing jobs and producing value in the housing and the construction market in this country.
Said by
Cynthia Lummis
Republican · Wyoming
Source
govinfo.gov
Feb 22, 2010

Editor's note · Context

Speaker Lummis addresses concerns about job creation and financing challenges in Wyoming.

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