Tuesday, December 4, 2007
Don’t worry folks! This pill is much better than the last one I sold you.
Sen. Chris Dodd (D., Conn.), a presidential hopeful and chairman of the Senate Banking Committee, reacted sharply to Mr. Paulson's putting the onus on Congress to act, saying in a written statement that the secretary "strained credulity" by claiming the administration has done enough to stop "predatory lending." "The administration has repeatedly failed to use the tools at its disposal to protect home buyers from abusive lending," said Mr. Dodd, who himself has been criticized for failing to act on a House-passed bill to expand eligibility for Federal Housing Administration mortgage insurance.