Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.
Why, it is almost as if Democrats have no new ideas or something. They started this crap in the 1970's and it worked out swell for the housing market, didn't it?
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To remove first post, remove entire topic.
What could go wrong?
Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.
Why, it is almost as if Democrats have no new ideas or something. They started this crap in the 1970's and it worked out swell for the housing market, didn't it?
Liberalism is a mental disorder and the Left is the Enemy Within! Quick example. 46 Dems in the Senate vote for the UN Small Arms Treaty designed to bypass the 2nd amendment.
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Liberalism is a mental disorder and the Left is the Enemy Within! Quick example. 46 Dems in the Senate vote for the UN Small Arms Treaty designed to bypass the 2nd amendment.
Capitol Hill bore down on Mr. Mudd as well. The same year he took the top position, regulators sharply increased Fannie’s affordable-housing goals. Democratic lawmakers demanded that the company buy more loans that had been made to low-income and minority homebuyers.
“When homes are doubling in price in every six years and incomes are increasing by a mere one percent per year, Fannie’s mission is of paramount importance,” Senator Jack Reed, a Rhode Island Democrat, lectured Mr. Mudd at a Congressional hearing in 2006. “In fact, Fannie and Freddie can do more, a lot more.”
Capitol Hill bore down on Mr. Mudd as well. The same year he took the top position, regulators sharply increased Fannie’s affordable-housing goals. Democratic lawmakers demanded that the company buy more loans that had been made to low-income and minority homebuyers.
“When homes are doubling in price in every six years and incomes are increasing by a mere one percent per year, Fannie’s mission is of paramount importance,” Senator Jack Reed, a Rhode Island Democrat, lectured Mr. Mudd at a Congressional hearing in 2006. “In fact, Fannie and Freddie can do more, a lot more.”
This creates a possibel 4th bubble behind the dollar, stock market and the bond market. Nice! This guy is in place to destroy what is right in America.
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This creates a possibel 4th bubble behind the dollar, stock market and the bond market. Nice! This guy is in place to destroy what is right in America.
Liberalism is a mental disorder and the Left is the Enemy Within! Quick example. 46 Dems in the Senate vote for the UN Small Arms Treaty designed to bypass the 2nd amendment.
Liberalism is a mental disorder and the Left is the Enemy Within! Quick example. 46 Dems in the Senate vote for the UN Small Arms Treaty designed to bypass the 2nd amendment.
You gave up 10+ individual freedoms under the patriot act(bush) in the name of national security but you condemn Obama for having a drone hit list? Kinda ,sorta hypocritical, no?
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You gave up 10+ individual freedoms under the patriot act(bush) in the name of national security but you condemn Obama for having a drone hit list? Kinda ,sorta hypocritical, no?
WTF This is how the market crash started last time
To think that Obama is some how a liberal /left extremist when he does the exact same thing as the GOP/Neo"cons" is just silly...
If anything he is showing that there really is no difference between Dems and GOPs...
Seems like the true mental disorder thinking that there is any difference between pepsi and coke even though both are just over priced carbonate high fructose corn syrup...
Partisan Politics... the true enemy within...
Good job... this thread shows that there seems to be no difference in that Obama is willing to ruin the country the exact same way the GOP/Neo"Cons" did...
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Quote Originally Posted by Nut_Flopper:
WTF This is how the market crash started last time
To think that Obama is some how a liberal /left extremist when he does the exact same thing as the GOP/Neo"cons" is just silly...
If anything he is showing that there really is no difference between Dems and GOPs...
Seems like the true mental disorder thinking that there is any difference between pepsi and coke even though both are just over priced carbonate high fructose corn syrup...
Partisan Politics... the true enemy within...
Good job... this thread shows that there seems to be no difference in that Obama is willing to ruin the country the exact same way the GOP/Neo"Cons" did...
Dl - while I agree R's and D's are the same wolves in sheep clothes I have to say that the push for affordable housing and pressure to loosen requirements started back with Dodd who is embarrassingly from my home state.
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Dl - while I agree R's and D's are the same wolves in sheep clothes I have to say that the push for affordable housing and pressure to loosen requirements started back with Dodd who is embarrassingly from my home state.
lords that actually doesnt surprise me if you think about the general sentiment of the whole thing... I have said many a time that in the 21st century one of the huge problems with the right is acting like the left...
R's and D's are the same wolves in sheep clothes
This appears to be the root mental disorder of it all... with the partisan lemmings appear to be the enemy from within that speand so much time and energy insisting that their coke/pepsi is better regardless if both brands of cola are bad for you ...
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lords that actually doesnt surprise me if you think about the general sentiment of the whole thing... I have said many a time that in the 21st century one of the huge problems with the right is acting like the left...
R's and D's are the same wolves in sheep clothes
This appears to be the root mental disorder of it all... with the partisan lemmings appear to be the enemy from within that speand so much time and energy insisting that their coke/pepsi is better regardless if both brands of cola are bad for you ...
Thanks largely to the U.S. Federal Reserve, Jeffrey Nelson was able to put up a shotgun as down payment on a car.
Money was tight last year for the school-bus driver and neighborhood constable in Jasper, Alabama, a beaten-down town of 14,000 people. One car had already been repossessed. Medical bills were piling up.
And still, though Nelson's credit history was an unhappy one, local car dealer Maloy Chrysler Dodge Jeep had no problem arranging a $10,294 loan from Wall Street-backed subprime lender Exeter Finance Corp so Nelson and his wife could buy a charcoal gray 2007 Suzuki Grand Vitara.
All the Nelsons had to do was cover the $1,000 down payment. For most of that amount, Maloy accepted Jeffrey's 12-gauge Mossberg & Sons shotgun, valued at about $700 online.
In the ensuing months, Nelson and his wife divorced, he moved into a mobile home, and, unable to cover mounting debts, he filed for personal bankruptcy. His ex-wife, who assumed responsibility for the $324-a-month car payment, said she will probably file for bankruptcy in a couple of months.
Thanks largely to the U.S. Federal Reserve, Jeffrey Nelson was able to put up a shotgun as down payment on a car.
Money was tight last year for the school-bus driver and neighborhood constable in Jasper, Alabama, a beaten-down town of 14,000 people. One car had already been repossessed. Medical bills were piling up.
And still, though Nelson's credit history was an unhappy one, local car dealer Maloy Chrysler Dodge Jeep had no problem arranging a $10,294 loan from Wall Street-backed subprime lender Exeter Finance Corp so Nelson and his wife could buy a charcoal gray 2007 Suzuki Grand Vitara.
All the Nelsons had to do was cover the $1,000 down payment. For most of that amount, Maloy accepted Jeffrey's 12-gauge Mossberg & Sons shotgun, valued at about $700 online.
In the ensuing months, Nelson and his wife divorced, he moved into a mobile home, and, unable to cover mounting debts, he filed for personal bankruptcy. His ex-wife, who assumed responsibility for the $324-a-month car payment, said she will probably file for bankruptcy in a couple of months.
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