Congressional Leaders?

[Stormy]

In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn.) proposed that borrowers be required to make a 5% down payment in order to qualify for a loan.

 

His proposal was rejected 57-42 on a straight party-line vote because, as Senator Chris Dodd (D-Conn) explained, "Passage of such a requirement would restrict home ownership to only those who can afford it."

 

I can't add anything to this - - - - I just can't

[Nan]

If someone buying a house can't afford a deposit, how on earth are they going to be able to afford a house ?

[Koach]

It may also be the kind of bill that will anger voters come election time.

[Stormy]

Well, probably andthat's a huge problem in getting effective office holders now, there are more people voting for a living than there are who work for a living.