Subprime loans and mortgage crisis?
Just read this article on MSNBC.com
http://www.msnbc.msn.com/id/25053787/
When you apply moron liberal policies the results are sure to come:
In 1995, President Bill Clinton's HUD agreed to let Fannie and Freddie get affordable-housing credit for buying subprime securities that included loans to low-income borrowers. The opinion was that subprime lending benefited plentiful borrowers who did not qualify for conventional loans. HUD expected that Freddie and Fannie would impose their high lend standards on subprime lenders.
Read the entire article and make up your mind.
Clinton left a whitehouse next to such policies in effect and a country venruable to terrorists.
Do we want them back?
Answers:
what to make us hit bottom
sometimes we make impossible financial decisions, why should tax payers enjoy to bail out people who don't do their homework on personal financial matters ?!?!?!
No. And your right, when govt interferes beside free markets, look at the results. If it would have be left to the markets the gaping majority of people would have never qualified for these horrible loans.
And consequently you have morons like Alan Greenspan saw ARMS are good instruments.
Of course not. We nominated Obama for a foundation y'know.
AMEN brother!
Related Questions:
In the article "How to Save Big on Your Mortgage". Will this work for auto loans as in good health?
Sorta of. You pay the auto loan much quicker so your interest rates are lower. If you can do this at no cost then by adjectives means do it and you...
http://www.msnbc.msn.com/id/25053787/
When you apply moron liberal policies the results are sure to come:
In 1995, President Bill Clinton's HUD agreed to let Fannie and Freddie get affordable-housing credit for buying subprime securities that included loans to low-income borrowers. The opinion was that subprime lending benefited plentiful borrowers who did not qualify for conventional loans. HUD expected that Freddie and Fannie would impose their high lend standards on subprime lenders.
Read the entire article and make up your mind.
Clinton left a whitehouse next to such policies in effect and a country venruable to terrorists.
Do we want them back?
Answers:
what to make us hit bottom
sometimes we make impossible financial decisions, why should tax payers enjoy to bail out people who don't do their homework on personal financial matters ?!?!?!
No. And your right, when govt interferes beside free markets, look at the results. If it would have be left to the markets the gaping majority of people would have never qualified for these horrible loans.
And consequently you have morons like Alan Greenspan saw ARMS are good instruments.
Of course not. We nominated Obama for a foundation y'know.
AMEN brother!
Related Questions:
In the article "How to Save Big on Your Mortgage". Will this work for auto loans as in good health?
Sorta of. You pay the auto loan much quicker so your interest rates are lower. If you can do this at no cost then by adjectives means do it and you...