This exemplifies the idiocy of Democrats us in D.C.
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.
- 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.”
Corker and others exposed the corrupt politicians; watch them all begin to cower and run for the center, but vote on what they’ve done … or just throw ’em all out!
