DODD STATEMENT ON ADMINISTRATION’S PUBLIC PRIVATE PARTNERSHIP INVESTMENT PROGRAM

Washington, DC – Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today issued the following statement on the Administration’s Public Private Partnership Investment Program:

 

“In order to turn this economy around and help families in Connecticut and across the nation get back on their feet, we must end the rising number of foreclosures, unfreeze our credit markets and stabilize the banking sector.  The Obama Administration has already recognized that the root cause of our problem is the housing crisis, and is working with Congress to help American families keep their homes.  The initiative announced today, designed to relieve banks of troubled assets to renew the flow of credit to families and small businesses, is an important step forward.  I look forward to working with the President on this effort to get the economy back on track.”

 

-30-