Posted on 05/05/2008 1:22:46 PM PDT by Maceman
According to an AP article which can be found at the WTTK.com website, and which cannot be cited here due to copyright issues:
Barney Frank is complaining that the morgage industry isn't doing enough to make jumbo mortgages available. Seems he thinks that the interest rates they charge are too high.
Could it be because these very same politicians are threatening the mortgage lenders with forcing them to hold low variable intro rates as permanent and reducing the principal? If I were a bank I might consider investing in Zimbabwe farms before US real estate with our current poltroons on the Potomac.
Now there's an unfilled need. Just when local area real estate prices have tanked to the tune of 19% this bozo comes along and almost doubles high-end mortgage availability. Why is the gov't trying to subsidize people who can afford a three-quarters of a million dollar home? I just wish Washington would get out of the way and let the market do its thing...we'd all be better off.
Is it “stupider” or “more stupid”?
It doesn’t matter. They’re both.
The dems are NOT stupid about economics. They know what we know. But their goals are different - to bring about a socialist paradise by stealing money from those smart enough to earn some by hard work.
Well, if you wanna be a snootsie about it, it is "more stupid."
I was using the vernacular, because I was feeling puckish.
And yes, I know it's "want to" and not wanna.
And if you're wondering what a snootsie is, it has been variously defined as: a) someone who steps out of the shower to pee; and b) someone who comes to a red light at a deserted intersection with a clear view in all directions at 3am and, upon realizing he is the only car on the road, waits there for the light to change.
And yes, I know one is not supposed to begin a sentence (let alone a paragraph) with "And."
By the way, is that the only comment you had to make about the point of the article to which I referred?
For Barney I think it's sthupider.
Maybe ‘stupid’, maybe not. Frank may have been bought by the real estate brokers trade group (whatever it’s really called), who want to see prices stay up.
I accept your "challenge." ;^)
This post (<-click), from a tax-related thread, provides more details as to how constitutionally unauthorized federal spending got started when constitutional flunky FDR established his New Deal programs. Democrats (and Republicans) have been foolishly following in FDR's footsteps ever since.
In the case of Democrats, it’s more stupider.
“I was using the vernacular, because I was feeling puckish.”
If you’d used the real, honest vernacular, you’d get banned.
:)
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