Is OBAMA simply throwing suitable money after doomed to failure next to this up to date MORTGAGE program for those deem low income?
http://news.yahoo.com/s/ap/20091019/ap_o…
One of the things that helped bring our economy down be the federal and state governments mandating the giving of mortgages to those who couldn't afford tp pay them back. Now he wishes to take more of OUR money and give it to low income populace to help with their housing. This guy sure know how to spend our money on other people. I wonder how he'll pay for this optional expense above and beyond the extra cost for cash for clunkers, bailing out wall st. and the imminent steal over of health care?
Answers:
the problem that cause the home-loan crisis was the adjustable loan rates! that has never be fixed? so when the prime rates goes up again so will people's home-loan rates too, just similar to before! will we have to bail out the bank again when the people can't pay again close to before?? the problem won't be fixed until we all go and get fixed home-loan rates that won't go up?
Bush already did this last year, so dont pretend its up to date.
And this has nothing to do beside low income housing either, those loans defaulted at a LOWER rate than regular subprime loans which the bank were giving to everybody and anybody, no questions asked.
Republican deregulated bank did this ALL BY THEMSELVES!
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One of the things that helped bring our economy down be the federal and state governments mandating the giving of mortgages to those who couldn't afford tp pay them back. Now he wishes to take more of OUR money and give it to low income populace to help with their housing. This guy sure know how to spend our money on other people. I wonder how he'll pay for this optional expense above and beyond the extra cost for cash for clunkers, bailing out wall st. and the imminent steal over of health care?
Answers:
the problem that cause the home-loan crisis was the adjustable loan rates! that has never be fixed? so when the prime rates goes up again so will people's home-loan rates too, just similar to before! will we have to bail out the bank again when the people can't pay again close to before?? the problem won't be fixed until we all go and get fixed home-loan rates that won't go up?
Bush already did this last year, so dont pretend its up to date.
And this has nothing to do beside low income housing either, those loans defaulted at a LOWER rate than regular subprime loans which the bank were giving to everybody and anybody, no questions asked.
Republican deregulated bank did this ALL BY THEMSELVES!
Related Questions: