Waters: People Who Signed Mortgage Loans Were "Tricked" (Video)

RealClearPolitics ^ | 13 Oct 10 | Maxine Waters

[Little Ray]

Well, lets be honest. Maxine Waters does a good job representing her constituency.

[ding_dong_daddy_from_dumas]

Maxine you moron, if I bought a car and it was repossessed because I stopped payments and the card dealer (mean the lender) sued me for his loss on my car loan, would Maxine say I owe him nothing because the car was overvalued when I bought it?

It's the same principle, but the big money is in mortgages -- That's a quicker way to destroy capitalism than modifying car loans.

[GeorgeTex]

Your FReeper friend borrowed that line from Al Czervik (Rodney Dangerfield) in “Caddyshack”. One of the classics.

[massgopguy]

“My life is not adjustable”. Unless the Prime Rate goes down.

[sickoflibs]

I was just commenting on principle which was her backup rationale.

[ding_dong_daddy_from_dumas]

Yep, in “Waters World” any private enterprise is fair game.

[sickoflibs]

Many times the term ‘Marxist’ is over-used here for emotional effect, but Waters really is a Marxist. Remember her comment on nationalizing the oil industry?

[Arrowhead1952]

If those home buyers are that stupid, should they be allowed to drive and to vote?

You hit the nail on the head. I think that only taxpayers should be allowed to vote on any issue concerning bonds or anything that increases our tax liability.

[VideoDoctor]

Maxine’s GOOFY BITCH routine continues.

[ridesthemiles]

IT WAS YOUR FREAKING GOVERNMENT THAT FACILITATED THE TRICKERY!”

This is what you get when “Everybody deserves to own their own home”

Welfare payments & Food Stamps counted as “INCOME” for loan purposes.

Waters deserves to go to jail over this.

[ridesthemiles]

Want more fodder to hammer Maxine?

In California, property taxes are based on the purchase price of a house or other property, per Prop 13 passed in 1978. The tax is 1% of the price of the house PLUS any bond issues in your county.

The value of same house, as long as you own it, cannot be raised more than 2% per year, per Prop 13.

All these people are paying taxes on the value of the houses they bought.

Now Maxine wants the principal dropped down—to whatever value, I don’t know—& says all the properties were overvalued in the first place. Who is she to prove that fact? Contractors were paid—prior owners were paid—taxes were paid on those proceeds. Transfer taxes based on the prices of the houses were paid to the counties!!!

How would she get the state to drop the value on the property taxes?

IS she got such a drop—it would have to apply to EVERY property owner in the state-—WHITE/ASIAN/HISPANIC—everybody—not just Maxine’s black constituents. Otherwise it would be discrimination!!!

IF she did get such a drop in the values of the homes & the accompanying property taxes, this would reduce further the monies going to each & every county in California.

California is teetering on bankruptcy now & has been for a number of years.

Maxine could bring California down completely with this attempt at getting more handouts for her ‘peoples’.

She doesn’t have the sense to see beyond her nose-—AGAIN.

[SkyPilot]

Maxine Waters was elected by people who are just as stupid as she is. Racist and stupid.The system is set up to keep people like her in office. It’s called Gerrymandering, and it keeps the Democrats supplied with idiots like Maxine, Rangel, and others that scam the system.

You're absolutely correct, and it's funny you mentioned that, because I was thinking exactly the same thing.

We have to keep electing the Congressional Black Criminals....errrr....Caucus to office, dontchaknow.

This woman should have been arrested years ago. She helped fuel the riots in LA after the police officers were acquitted by a jury, hence her nickname "Kerosene Maxine."

As a member of Congress, she accused the CIA of inventing crack cocaine in its science labs and spending millions of taxpayer dollars to supply it to blacks in America.

Her relatives had made millions off of corrupt deals she forged, and then absolved herself of any ties to corruption.

This is a real quote when she was confronted about it:

"They do their business and I do mine."

Her IQ is probably about 80, but that doesn't mean she isn't adept at lying and deception. Those are her good points.