In Dodd We Trust


Watch the Senator eat his own foot

And the prize for the most idiotic thing said this week goes to Senator Chris Dodd.

"…passage of such a requirement would restrict home ownership to only those who can afford it.”

Yes, it's a "biased" source. But he said it.

In related news, more than 90% of all new home mortgages issued during the first and second quarter of 2010 are underwritten by Fannie Mae and Freddie Mac. Between them, those two "entities" underwrite more than 50% of all home mortgages in the United States.

Yeah, that's going to end well.

And the commercial mortgage bubble hasn't burst yet.

— NeoWayland

Posted: Mon - June 7, 2010 at 01:13 PM  Tag


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