Pelosi: Homes Are The Matter

Representative Nancy Pelosi (D-CA): “House Democratic leaders today made it clear to Secretary Paulson and Fed Chairman Bernanke that they must take immediate action and do everything they can to help hard-working Americans stay in their homes. The solutions to the problem at the root of our economic crisis – aggressively addressing home foreclosures – have been known for some time. Further delay in implementing these solutions is unacceptable.”

“Our country faces a serious and worsening foreclosure crisis that is affecting millions of Americans. Addressing the underlying problem of home foreclosures, and stopping the continued drop in home values, is essential to restoring confidence in our financial system, freeing up the flow of credit consumers and small businesses, and spurring renewed economic growth.”