Posted on 06/18/2009 9:57:48 AM PDT by 2nd amendment mama
I’m sure this will be all over the evening news.
Why am I not surprised.
One good idea John McCain did have last year was to dismantle Fannie Mae and Freddie Mac and turn them into seven regional, private banks.
They have “opened the door” with the CRA stuff.
It is time to hit back very hard!
Giving mortgages to everyone with a pulse is what got us into this mess!
And to think there are people out there who don’t give it a second thought when Obama and his band of malicious pranksters shout that they need to get this legislation passed TOMORROW, if not TODAY!
The initial problem was that the US had too much debt. Obama's solution was to borrow trillions of dollars so that we could get out of debt. This makes no sense.
Yesterday, Obama complained about complicated financial forms with lots of fineprint. People got suckered into bad decisions because they couldn't handle the paperwork. Obama's solution: Create a new federal agency, and enact lots of new regulations in an effort to cut back on paperwork. It makes no sense.
Today we have an reminder that the Mortgage meltdown was a big problem. Obama's solution: Force additional lending to people whom we know will not be able to pay their mortgage. It makes no sense.
His actions only make sense if he is trying to overload and destroy this nation. Apply Occam's Razor.
THAT LIEING CHEATING SON OF A BITCH!
ACORN employees will be the primary recipients of these loans.....which will then be forgiven or the homes flipped for huge profits.
Anything this big and effecting every citizen of this country should be left to the people. If the people vote no, then it goes away.
Got that, bankers? You go to jail no matter what you do. And Zero will dictate your salary, too.
Obama isn't called "the Man of Lawlessness" for nothing!
Obama, and every crooked Democrat involved with the CRA,CFPA should be impeached, charged with treason, tarred and feathered, and either given a ticket to sit on Sparky or rot in prison for life- no parole life.
They must have a data base attached to our credit rating system which show your race, because lenders who take on line application have no way of knowing your race. They can make assumptions from your address, but there must be data base of your race..somwhere.
I think Obama has a more racially motivated intentions, the vast majority of those loans will be given to blacks who no way on earth should be given a 100 dollar loan, never mind a $250,000+ loan to buy up housing in better neighborhoods. THEN he will forgive all those loans, at whitey the taxpayers expense. Like Jihad, reparations can have many forms.
I too am waiting for this to get covered on ABCNNBCBS ....
The definition of insanity is doing the same thing over and over and expecting a different result!!
I might presume anyone named something like Chlamydia Washington is a member of a minority
i am sure it will be in der fuhrer's medical database - the one der fuhrer is having ge create - the no bid contract database
place of employment_______________
position___________
years worked for this employer_____________
where you ever convicted of a fenony offence? Y___N___ education_________________
part of the loan application
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