The American Dream Turned Nightmare
February 28, 2007, 5:52pm
Sen. Christopher Dodd, a Connecticut Democrat who is running for president, decried the increasing prevalence of “predatory” lending practices in the mortgage industry and said Congress should do something to keep more people from seeing their American dreams of home ownership turn into nightmares.
“There’s a distinction between a good, solid, sub-prime lender and a predatory lender, and we ought to put a stop to the latter without hurting the former,” Dodd said in a speech to the National Credit Union Association.
Categories: Connecticut, Sen. Christopher Dodd, Presidency 2008, Christopher Dodd, Banking
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