Ann nails this one.
On or off, FReepmail or ping me.
Cheers,
knewshound
http://www.knewshound.blogspot.com/
I think she means Kosfiles
Is she stumping for oabama now that McCains the GOP candidate?
Wouldn’t be her first time in bed with a muslim.
Alter will grow hair before he learns to speak the truth.
And the Democrats want to KEEP it hidden!
"...In 1999, liberals were bragging about extending affirmative action to the financial sector. Los Angeles Times reporter Ron Brownstein hailed the Clinton administration's affirmative action lending policies as one of the "hidden success stories" of the Clinton administration, saying that "black and Latino homeownership has surged to the highest level ever recorded."Food-stamp-backed mortgages!
Meanwhile, economists were screaming from the rooftops that the Democrats were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed and deadbeat borrowers couldn't get out of their loans by selling their houses.
A decade later, the housing bubble burst and, as predicted, food-stamp-backed mortgages collapsed.Democrats set an affirmative action time-bomb and now it's gone off." - Ann Coulter
Gotta love that gal!
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
A must read. Thanks!
.jpg/302px-Ann_Coulter_2007_(Cut_image).jpg)
RULES!!!!
“Liberals” are masters at this, which pretty much requires getting down into the hole that they are in.
Taking the high road in this sound-byte demagogue mass-media culture means lost elections.
Exactly why so many are incensed at conservatives these days, because there is plenty of blame to go around, and the citizenry deserves to know all the facts, not just the drive-by medias spin - and there is this silence. Come out swingin’, I say.
Brilliant piece!
Bravo for Annie. The Democrats have a huge vulnerability on this financial crisis, and conservative commentators have been slow to exploit it. Ann, as usual, is in the vanguard. The more timid will now feel safe to follow her lead.
Ann is absolutely right on with this. I have been a Realtor for many, many years and I called this about five years ago. I have seen the standards and unethical practices conducted by mortgage underwriters and appraisers, many of which operate in dual capacity and have dual roles in these loans. The biggest culprits are these mega developer/builders. They will develop huge subdivisions, with flashy model homes that entice buyers to go for more than they can afford. When the buyers say they can’t afford it, they are then told that they can. They are qualified on the spot, using child support, dubious income records, and they are quoted and qualified on the lowest payment based on a variable rate that will grow consideribly. In addition, the payments are quoted with the lowest tax base. By the time the buyer is in the home for the third year, they have lost child support, there never was consistent part time work, the taxes are at least $300.00 more per month than quoted and the interest rate has gone up measurably. They have probably been given a second mortgage to make ends meet, based on appraisals that are at a minimum 120% of the value of the home. The payment swing is usually about $700.00 from the inception of the sale. Guess what, the same builder/developer is the builder, seller, mortgage company, title company and the apprasiers are far from independent. Does this sound like a conflict of interest to you? These are the people that the government needs to go after, they have destroyed the housing markets in just about every urban area with their lies, over-qualifications, and grossly overpriced housing.
She hits hard, but she’s right on the money. Food stamp-backed mortgages. Heh Heh...
And now the Dems AND the Republicans are blaming Wall Street and the financial system for " GREED?"
Greed about what? The banks thought they were dong the government a favor in solving a housing proplem for the underpriviliged, a Utopian wet dream. Their security is a massive portfolio of abandoned homes that are in forclosure, many of them smelling of the pi$$ and $hit of over numerous pets?Thats the realization of "GREED?"
What a laugh this is. The Banks and the financial system are not to blame. Utopian politicians trying to out do gooder each other to buy minority votes, and appear "kinder and gentler" is the real reason for this mess.
I support the conservative plan of suspending Capital Gains tax and drastically reducing corporate taxes. I do not support a 700 billion "assets purchase" in order to bail out a financial system that needs to divorce itself from affirmative action finanace, now and forever in the future. That lesson needs to be driven home to the financial system and to both the Democrat and Republican parties.
Alter = Such a little man.
“So John McCain has been held hostage by both the Viet Cong and the Democrats”.
Not much difference there anymore.