Thursday, July 10, 2008

"Don't Dump Bad Loans On Us."

Speaking out against H.R. 3221 FHA Commissioner Brian Montgomery accused congress of trying to "dump bad loans" on his
"Some want to dump bad loans on us, many that never should have been made in the first place."
Speaking at a conference hosed by the FDIC, Montgomery voiced concerns about how congress's $300,000,000,000 bank bailout as "in effect federalizing the mortgage market."

Bloomberg via L.A. Land

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