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Menendez and Boxer Want ANOTHER Gov't Mortgage Refi Program
Confounded Interest ^
| Anthony B. Sanders
Posted on 01/29/2013 8:26:49 AM PST by whitedog57
Senators Boxer and Menendez will introduce a 15th government mortgage modification program. This one won't cost banks any money if borrowers default, but taxpayers get stuck with the costs.
(Excerpt) Read more at confoundedinterest.wordpress.com ...
TOPICS: Business/Economy; Government; Politics
KEYWORDS: boxer; housing; menendez; mortgage; mortgagerefi; worstsenatorever
These Marxist clowns just can't stop spending!
To: whitedog57
What seems to have caused you to start excerpting your blog again?
To: whitedog57
More votes to buy . . . and the taxpayers get to foot the cost.
3
posted on
01/29/2013 8:40:37 AM PST
by
YHAOS
To: whitedog57
Obviously those destroyers of economies feel they have yet more to do to hold the US coffin lid down permanently.
4
posted on
01/29/2013 8:55:20 AM PST
by
EGPWS
(Trust in God, question everyone else)
To: whitedog57
Boxer got her start in politics in the closet with a fellow councilman in the council room while the other flies to arts unknown for illicit sex. Why should we listen to these fools?
5
posted on
01/29/2013 9:21:04 AM PST
by
freekitty
(Give me back my conservative vote; then find me a real conservative to vote for)
To: whitedog57
6
posted on
01/29/2013 9:36:40 AM PST
by
Mortrey
(Impeach President Soros)
To: whitedog57
They cause the beginning of the big default process, and because of their guilts and fears, try to outlaw freedoms.
7
posted on
01/29/2013 9:52:57 AM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
To: familyop
There is another aspect of this that I believe is overlooked.
If the gov't guarantees/owns the loan, then a default puts you in a bind with the govt. It also allows the govt to "own" the properties. They can (and will) garnish wages or other assets to recover their "investment".
So, now the federal govt (in lower case..on purpose), owns more of America's assets. Americans are how wholly owned by the federal government.
Slavery is alive and well in the US.
8
posted on
01/29/2013 11:34:26 AM PST
by
TxAg1981
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