“Why are the dems demanding more be done for the ‘home owners’ now?”
Dems got us into this trouble in the first place. See below.
From a recent IBD editorial:
“It was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.
Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but “predatory.”
Oh...I know the dems are responsible for this mess!
If the republicans do not come out very strong in making that clear to the American people in the next week....we are going to lose this election to the democrats!
Obama is already up in the lastest Gallup poll, especially on ‘economic issues’ (go figure)....so we had better get on the stick and bring this stuff into the light of day!
That means republican leaders shouting about the democrat corruption in FM & FM from the rooftops.
The dems are determined to double the 700 billion in the name of saving their constituents. The deadbeats who bought homes with no money down and no income.