Well if they were in there homes over thirty years, wouldn’t the houses be paid off by now?
Something isn’t right about all this quacking.
It's even more ridiculous. I just saw the segment and she mentioned people who have owned their homes for 38 (!) years and who now can't make their payments.
What the...?!
When you refinance to buy rims, your house is probably not paid off.
Lewis knew this was a lie, she only said it to give the appearance that 'ma and pa Kettle' were being evicted by the evil banker.
Cavuto was being polite and asked Lewis if it was not true that many of these people have not lived in their homes for anywhere near that duration of time. Lewis would have none of this! Facts be damned in the fight for 'free housing'!
I was listening to NPR on the drive to work the other morn. They played the audio of a meeting in Arizona, (I believe it was Mesa), of a lady from the gov't giving a class on budgeting to people having a difficult time now that they are having problems paying the mortgages on their homes. (Homes they of course could not afford in the first place)
The lady from gov't agency spoke to them as if they were school children, and I do not exaggerate one iota here. It was akin to parents having a talk with their teenagers on responsibility after the latter got their first jobs.
This situation will only worsen as President Scatterbrain will not abandon the ACORN-types, who have absolutely no sense of thrift, responsibility or scruples. All they want is their homes at the expense of the decent, hard-working Americans.
They took out equity loans to buy a boat, 30' wide HDTV, lavish vacations, an RV and now you get to pay it off for them.