Homebuilder CEO Throws Tantrum Over Nixing Of Seller-Funded Downpayment Assistance Program?

In the "You must be outta your mind" department, MarketWatch reports:

• The chief executive of one of the nation's largest home builders on Tuesday vented his frustration over new housing legislation and the elimination of some down-payment assistance for buyers, saying the move will further weaken the sagging market. [...] "While the temporary tax credit is certainly a positive for buyers who purchase a home before July 2009, the tax credit does not offset the elimination of the down-payment assistance program which our industry so vitally needs," the CEO said Tuesday.

For more, see Builder CEO blasts ban on down-payment help (As many as one-third of buyers used seller-funded aid).