CHAIRMAN DODD: WORKING TO STABILIZE ECONOMY

WASHINGTON, DC – Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after receiving a proposal from the Administration on how to address our economic crisis:

“At this critical moment in time, we are working as expeditiously as we can to help stabilize the economy in a manner that protects taxpayers and promotes homeownership.  I have spoken with Secretary Paulson, and am working with my Democratic and Republican colleagues in the House and Senate.  The stakes could not be higher, and there is no time to waste, but I am hopeful that we will be able to achieve these important objectives.”

 

-30-