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Victor Laslow
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« on: August 12, 2013, 04:57:54 AM »

Does this explain liberals to you?

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."

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