and these morons are running the country and drafting laws…
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.”
Source: http://www.orlytaitzesq.com/and-these-morons-are-running-the-country-and-drafting-laws/
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