Quote Of The Day

“Passage of such a requirement would restrict home ownership to only those who can afford it.”

– Sen. Chris Dodd (D-Countrywide), in arguing against an amendment by Sen. Bob Corker (R-TN) which would impose a requirement of a five percent down payment on any home financed through Fannie or Freddie. The measure failed, 57-42, on a near party-line vote.

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