Millionaire Congressman Dennis Rehberg says home mortgage lenders “should have been left to fail”, according to a report in Lee Newspapers.

A record number of Americans lost their homes during the subprime mortgage crisis, but Congressman Rehberg’s comments reveal he was never concerned about stemming the tide of foreclosures.

“Congressman Rehberg has no solutions because—as a second generation millionaire—he never had to worry about struggling with a mortgage,” said Ted Dick, Executive Director of the Montana Democratic Party. “Congressman Rehberg needs to explain why he would allow more Montanans to have lost their homes during the mortgage crisis.”

Congressman Rehberg signed on to a bill to hold Fannie and Freddie accountable for extreme bonuses seven months after the bill was introduced, and just hours after Jon Tester spoke out against the bonuses during a Senate hearing.

“Apparently Congressman Rehberg will try to steal someone else’s ideas when thinks he can gain politically,” continued Dick.

Congressman Rehberg’s comments about letting home mortgage lenders fail come as GOP Presidential Candidate Newt Gingrich

is forced to answer questions about his consulting contract with Fannie Mae and Freddie Mac.

“We’ll give the Congressman another opportunity,” Dick said.  “He should join with his campaign partner Michele Bachmann and denounce Newt Gingrich for enriching himself with a questionable $1.6 million contract with Fannie Mae and Freddie Mac.” 

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