Thursday, July 29, 2010

Can someone explain to me why the federal government supported loaning money to the poor for mortgages?

This is like giving water to a drowning man or snow to an eskimo. Isn't it kind of obvious if one lends money to someone incapable of paying it back that the loan will default?Can someone explain to me why the federal government supported loaning money to the poor for mortgages?
Get the facts %26amp; maybe you can form an opinion based on actual facts and not on what Rush told you.


http://www.politifact.com/truth-o-meter/鈥?/a>


http://factcheck.org/Can someone explain to me why the federal government supported loaning money to the poor for mortgages?
The ';zero down initiative';.. is all but lost in the memory of the ';United States of Amnesia';


http://www.boston.com/business/articles/鈥?/a>


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..
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.
I think they called it ';hope'; or ';change'; or some such thing.
Because it makes them feel good. No, seriously.





Carter, Clinton, and Bush 43 are all guilty of it, actually.
yes, we can thank political correctness for this failure.
Because of an administration policy called The Ownership Society.






Wait to you retire, with 40 million illegals on your back,
Affirmative action for the classes!





I think Bush used the phrase compassionate conservatism.





It's what happens when you feel instead of think!
So that we could find ourselves in this mess and let them blame it on the Republicans. Why else?
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