To: All
What Dems say: All people have a “right” to quality healthcare, a quality home, etc.
Next it will probably be a “right” to a quality car.
2 posted on
09/15/2008 3:43:02 PM PDT by
Laissez-faire capitalist
(Keep working! Welfare cases and their liberal enablers are counting on you!)
To: Laissez-faire capitalist
Bingo!
And we’ll call it the “Undo Andrew Cuomo’s Disaster Law”
3 posted on
09/15/2008 3:43:42 PM PDT by
xcamel
(Conservatives start smart, and get rich, liberals start rich, and get stupid.)
To: Laissez-faire capitalist
Redlining was awful - glad it’s outlawed. But we do need to change the incentive system. And yeah, everyone needs to qualify for a loan...
4 posted on
09/15/2008 3:48:31 PM PDT by
GOPJ
(Am I the only person tired of bailing out multimillionaires with tax dollars?)
To: Laissez-faire capitalist
Stop the 2nd mortgages.
People are buying cars they can't afford, putting in pools, putting on additions....Anything they can think of.
So, they're not using their credit card, taking a deduction, mortgaging their ONLY real asset to the hilt...and scr**ing up the whole damn system.
5 posted on
09/15/2008 3:49:28 PM PDT by
Sacajaweau
(I'm planting corn...Have to feed my car...)
To: Laissez-faire capitalist
It is about time for this wake up call and this pins the tail on the right donkey.
7 posted on
09/15/2008 3:53:45 PM PDT by
billhilly
(I was republican when republican wasn't cool. (With an apology to Barbara Mandrell.))
To: Laissez-faire capitalist
What some people called “Redlining” I called the Free Market. Why should ANY business be FORCED to do business in neighborhoods, cities, or states where they don’t want to do business?
9 posted on
09/15/2008 3:54:49 PM PDT by
PeterFinn
("I will stand with the Muslims" - Baraq Hussein Obama p. 261 "Audacity of Hope")
To: Laissez-faire capitalist
There are two primary issues in a real estate deal: 1) the ability and track record of the borrower to repay the loan and 2) the quality of the collateral.
Our present regulatory environment tends to focus loan policies on the collateral. But collateral only comes into play when the borrow stops servicing the loan as it was written.
I detest redlining. However, we clearly were not well served by allowing “liar loans” or “no-doc loans”. This points us back to a credit scoring system based on experience. It also begs for lenders who have a preexisting relationship with the borrower.
To: Laissez-faire capitalist
It would be very interesting to find some of the old lender maps with the redlines on them and compare those areas to the addresses of foreclosed properties. I wonder just how much overlap there would be?
14 posted on
09/15/2008 4:09:28 PM PDT by
the lone wolf
(Good Luck, and watch out for stobor.)
To: Laissez-faire capitalist
16 posted on
09/15/2008 4:21:53 PM PDT by
GOP Poet
To: Laissez-faire capitalist
My recollection too is that this mess got started with Congressmen complaining about “red-lining.”
19 posted on
09/15/2008 4:47:56 PM PDT by
ChessExpert
(If it had been up to Hussein Obama, Saddam Hussein would still be in power)
To: Laissez-faire capitalist
The new free market.
Privatize the profits and socialize the loses.
32 posted on
09/15/2008 9:40:52 PM PDT by
Tempest
(The devil and the media have sided with Obama)
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