DODD STATEMENT ON PRESIDENT'S COMMENTS AGAINST CONGRESSIONAL EFFORTS TO HELP HOMEOWNERS, ECONOMY

“This morning the President finally declared where he stands on the housing and economic crisis that is spreading throughout our country and affecting tens of millions of Americans. And he is not on the side of those Americans. Flanked by Congressional leaders of his own party, he threatened to veto comprehensive legislation to address that crisis that has bipartisan support. Clearly he doesn’t seem to be heeding the advice of his own former Chief Economist and current Fed Chairman Ben Bernanke, or his own appointed bank regulators, such as the Chair of the FDIC and the Director of the Office of Thrift Supervision, all of whom have spoken out in favor of similar proposals.  I continue to work in the Senate to find bipartisan agreement on effective solutions to the foreclosure crisis that is causing hardship and disruption for American homeowners and businesses.” 

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