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To: dalereed

I love your way -- that is the way I was raised. It was makes the current practices so maddening.

Remember California's Prop 1C in 2006? It authorized the selling of $2.9 billions in bonds for the "Housing and Emergency Shelter Trust Fund Act of 2006." That included over $1 billion in grants and loans for "downpayment assistance" for low- and moderate-income homebuyers.

I agree that those who couldn't afford to buy homes, but did, were deadbeats. But they were aided and abetted by government at many levels along with unscrupulous mortgage sellers who cared only about a commission. That those mortgage holders then sold them up the daisy chain to even more unscrupulous characters is criminal racketeering, in my book.

65 posted on 05/18/2009 3:12:16 PM PDT by calcowgirl (RECALL Abel Maldonado! - NO on Props 1A 1B 1C 1D 1E 1F)

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To: ding_dong_daddy_from_dumas; rabscuttle385; calcowgirl; sickoflibs; Southack; Clintonfatigued; ...

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