When I heard the Gramm’s full statement, it didn't come off the nasty way people like yourself are interpreting the news reports.
For instance the “housing crunch”, I just learned today that a simple townhouse down the block sold in one week with three offers. My neighbors just sold a two flat in Bridgeport after ONLY one hour on the market with seven offers coming in. So, despite all the WHINING in the news, people are getting loans to buy houses. I believe Gramm was really speaking about the idiot business news reporters that make it sound that everyone is homeless, with no jobs, no savings - no nothing!
I guess we’re different.