Can someone explain to me why the federal government supported loaning money to the poor for mortgages?
by Mortgage Rates on Tuesday, September 14th, 2010 | 11 Comments
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Because it makes them feel good. No, seriously.
Carter, Clinton, and Bush 43 are all guilty of it, actually.
So that we could find ourselves in this mess and let them blame it on the Republicans. Why else?
yes, we can thank political correctness for this failure.
Wait to you retire, with 40 million illegals on your back,
I think they called it “hope” or “change” or some such thing.
The “zero down initiative”.. is all but lost in the memory of the “United States of Amnesia”
http://www.boston.com/business/articles/2004/10/05/zero_down_mortgage_initiative_by_bush_is_hit/
They knew exactly what would happen.,.. the whole thing is engineered, the timing of it, everything… a total fix and we’re going for it ?
The ownership class, is the owned class..
Get the facts & maybe you can form an opinion based on actual facts and not on what Rush told you.
http://www.politifact.com/truth-o-meter/statements/
http://factcheck.org/
Because of an administration policy called The Ownership Society.
Affirmative action for the classes!
I think Bush used the phrase compassionate conservatism.
It’s what happens when you feel instead of think!
Started in the Clinton Administration to eliminate the rules so the voters would get homes.Barney Rubble there was one of the main culprits.Greenspan and McCain warned there would be trouble but were ignored. The Chairman of the Banking Committee was backed by the very people he was supposed to check out.Just think of it as a Democratic Charity and you will be making the mortgage payments.
Because not all of them are irresponsible
some of them are responsible enough to handle a
FIXED MORGAGE
They tricked people into
Sub Prime Loans
No Down Payment Morgages
and
Variable Interest Rates
Not Fixed Interest Rates
A lot of people didn’t understand the legal jargon.
They knew the people were uneducated about the
meanings.
They took advantage of vulnerable people.
They would call them suckers.