Pressuring banks to give mortgages to unqualified borrowers to raise minority homeownership is part of what got us in this mess. Now Obama wants a repeat. Since non-Asian minorities save less and earn less on average, fewer of them will qualify for prime mortgages.
Being brown (Asian-Indian) hasn't stopped our family from getting mortgages, because we've had money for down payments and income that well covers the mortgage payment.
To: reaganaut1
Isn’t this what got us into this financial mess in the first place? Forcing banks to loan money to people that can not pay it back.
To: reaganaut1
REPARATIONS, now the real goal is shown!
4 posted on
01/14/2010 5:57:43 AM PST by
iopscusa
(El Vaquero. (SC Lowcountry Cowboy))
To: reaganaut1
Don't do it right, the gubmint will help!
Don't do it right after the gubmint helps, the gubmint will help again!
5 posted on
01/14/2010 5:59:50 AM PST by
synbad600
To: reaganaut1
Stopping to realize we have a migraine, after years of banging our heads against the wall, we decide to continue banging our heads against the wall.
This is the mentality that leads one to think its on purpose to crash the dollar, and re-make it in their image.
6 posted on
01/14/2010 6:04:52 AM PST by
C210N
(A government big enough to give you everything you want, is big enough to take everything you have)
To: reaganaut1
Only lending money to people who are probably going to pay it back discriminates against people who probably aren't.
7 posted on
01/14/2010 6:05:17 AM PST by
E. Pluribus Unum
(Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
To: reaganaut1
The solution seems so simple even a cave man could do it.
We have instituted a "credit scoring system" in this country, so there needs to be hard and fast rule that if your credit score is less than a certain level, you don't get the loan...period
Color, creed, and natural origin are not considered at all in the process. Everyone has the opportunity to challenge any credit entries they feel are unjust, so you either get it fixed, or live with it.
There has to be some absolutes somewhere in the process or it will never work.
8 posted on
01/14/2010 6:13:20 AM PST by
FrankR
(There will be no jobs until it is profitable for employers to hire people....PERIOD.)
To: reaganaut1
Banks lend to someone almost exclusively based on their credit report, if the government wants to go after someone it should be the credit reporting agencies.
Blaming the bank for not lending to someone with a 400 credit rating and a recent bankruptcy is ridiculous.
9 posted on
01/14/2010 6:13:48 AM PST by
TexasFreeper2009
(Obama lied, the economy died)
To: reaganaut1
10 posted on
01/14/2010 6:23:12 AM PST by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: reaganaut1
To: reaganaut1; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; ...
13 posted on
01/16/2010 6:32:51 PM PST by
Nachum
(The complete Obama list at www.nachumlist.com)
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