itsSIRtou
Posts: 836
Joined: 3/20/2007 Status: offline
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quote:
ORIGINAL: papassion Why don't libs read about the "community reinvestment act," where banks were told to give loans to minorities and people with poorer credit so they could participate in the Democrat dream of everyone should own a house! Banks did what they were told to do. Houses were sold to deadbeats, Inflated value mortgages were used to back investments. Deadbeats defaulted on mortgages, investors found 10,000 dollar dumps backing 100,000 investments. Shit hit the fan. Root cause of the downturn. DEMOCRAT wet dream that everyone should own a house! Dems now try to pin their stupid "social justice" plan of everyone should own a house on Wall Street. Wall street just sold investments backed by Freddie and Fannnie. Its not over yet. Fannie and Freddie will need a MASSIVE bailout before this Democrat fuckup is over! allright for the sake of giving u something to hang ur wack on..... do u have a clue why the "Deadbeats defaulted on mortgages"? its hard to pay a mortgage when ur jobs been outsourced, u get laid off, or the company closes the plant or call center to go to a place like India? they sure cant pay it on unemployment and/or when the APR on an ARM goes up to a monumental amount ya think?? All because the GOP's economic policies allowed for those companies to dump and run for cheaper labor with the Tax cut money they got.... and still get. IF instead those companies had gotten a TAX CREDIT for Hiring Workers off the welfare rolls like during the Clinton years not only would of people still been in those homes but the vast majority would of refinanced at a decent 30-year FIXED rate, and bush woulda looked like the genius he wasnt. No defaulted loans, no massive job losses, no bank or possible Fannie and Freddie bailout needed, and get this.... MAYBE even McCain woulda had a shot at winning even with the brunette with a dumb blond brain. all because ur party got full of itself and greedy to buy votes with "across the board" tax cuts that its never had a way to pay for.
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I will allways be a knight, instead of a prince. What would the internet be like if we couldn't say trump is a moron? The Republican party complains government doesnt work for people, and then makes darn sure it cannot.
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