UNTIL......
"They Are"...
**(silly dreamer.. must be a republican..)
Naive pipe dream. The two will be eliminated when Democrats make it illegal to own property. People will be assigned houses and they will be told where/how to work. It’s been done before, they’ll do it again.
Without them, there would be no fixed or adjustable-rate mortgage loans with 5, 10, 15, 20 or 30 year terms.
That was a good idea.
Unfortunately, politics took control and politicians starting micro-managing what was happening, based on race, ethnicity, income, etc. and the whole mess collapsed.
I once worked for a quasi-governmental agency that bought mortgage loans. The board of directors kept asking me why we made hardly any loans in one city, county or another.
I explained that we don't "make" loans. We "buy" loans. If there were no sales or qualified loan applicants, that was not our fault.
You would have thought I shot the Pope when I said that.
The same thing happened with FNMA and FHLMC, but there was nobody there to resist.
By the way, I was sh!tcanned by politicians for explaining the facts of life.
Nice piece, and plan, from the Heritage Foundation - but, zero chance of it ever happening. Even though something like this should have been done decades ago.
Never say never.
HOORAY David C. John at Heritage! DEFUND socialist collectives, foreign and domestic. DISMANTLE domestic social programs. BIG GOVERNMENT IS CRONY SOCIALISM
“Socialism Is Legal Plunder” - Bastiat
Proof...(with new “Sequester to Spending Ratio” and “Tax Increases to Spending Ratio”)...here....
Rapidly approaching 17 TRILLION US National Debt not including UNFUNDED MARXIST MANDATES
Music to read this post by....
http://www.youtube.com/watch?v=zQndBhB3ULg