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Old Oct 11, 2010, 07:18 AM
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Those who can afford it


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 minimum 5% down payment in order to qualify.
His proposal was rejected 57-42 on a 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."
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Old Oct 11, 2010, 11:21 AM
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With that kind of logic I'm glad I didn't vote for him. When will the two parties stop taking care of themselves and focus on the country and us?

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