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Published on: 9/4/2007
Last Visited: 9/4/2007
Miller: Told ya so
President Bush is outlining steps to help out Americans caught up in the mortgage-lending mess.He said the government wasn't going to bail out those who dove in where they didn't belong.But, he said, "there are many American homeowners who can get through this difficult time with a little flexibility from their lenders or a little help from their government."
Bush's announcement prompted Democratic Rep.Brad Miller, who represents Greensboro and Raleigh, to say "told ya so," only nicer than that.
"His attention to the issue is long overdue," Miller said in a news release.
"If Congress had passed decent consumer protections against predatory mortgage lending four years ago, we wouldn't be in the mess we're in now.Instead, I had to fight for four years to keep Republicans in Congress from gutting state predatory mortgage lending laws."
Miller has some standing to speak out on the housing issue.He was a key architect of North Carolina's predatory lending laws, which are aggressive in favor of consumers.Drafting legislation to protect borrowers at the federal level also has been one of his key priorities.