all that is true but only with a prior willingness to skim money on the guise EVERYONE must own a home and Dodd and Frnaks did on purpose
this was a devalue America plan straight up
“all that is true but only with a prior willingness to skim money on the guise EVERYONE must own a home and Dodd and Frnaks did on purpose”
It wasn’t just Dodd and Franks. Dubya was one of the biggest promoters of the idea that everyone should own a house.
I used to be able to link to his speech before HUD where he introduced his ‘American Dream Downpayment Initiative’. This was his program for providing “free” downpayments to those who didn’t have one, so that they could then buy a house. It was aimed particularly to “underserved minorities”. It was a program to warm the heart of every big spending liberal.
Unfortunately the speech is no longer at HUDs website and I can only find a portion of it here:
http://www.thechristiansolution.com/doc2010/322_AmericanDream.html
US Open in town this week.