Hey, I’ve got an idea. Let’s make sure every last ‘minority’ gets into a new home with a nothin-down, no-doc, government-backed mortgage. What could possibly go wrong?
Good idea, but we need a name for it, why don't we call it something catchy like ObamaHousing?
Sounds like a great idea. Don’t forget to put some democrat party hacks in charge of the program. Maxine Waters has some relatives who are available to run the program. Also, we need to make loans to people without social security numbers. People who have multiple identities need mortgages too. What could possibly go wrong? /s
The mortgage. Kind of a problem in the first place. Just give them the deed right off the bat, no mortgage to worry about. Then go ahead and waive their property taxes when they go unpaid. Rebuild for them when a fire burns it down and they have no insurance. Give them more, more more... because otherwise some dolt like Bernanke will say that the only reason they don’t own their own homes like millions of hard-working, tax-paying Americans, is due to they face racial discrimination.
Hey. . .yea. . and then we can bundle all those loans and sell them to banks that are too big to fail! BEAUTIFUL!!