Easy Loans

Are we seeing the disaster that the Clinton administration began, and then transmitted to the Bush administration???

We note that to give $ 300,000 loans to the poor is not the right thing and now we are paying the price!

Because people are poor, the more they vote Democratic.

Once they understand they can make their own money, they turn into Republicans.

Ditto what others said. Barney Frank is a liberal weenie. Read the Forgotten Man, a story of the Great Depression. Read about William Graham Sumner "The Forgotten Man" essay that describes how when a person sees the fate of the person X, A person he talks more with person B. They decide that something must be done to help the person X. So, person A and B and C the betterment of the individual X The problem is that nobody, man C "forgotten" was forced to help the person X by law. Person C had no say. Barney Frank is the person A or B. Person X is the poor, non-work, and sometimes irresponsible, who can not pay a mortgage. Barney Frank, Bill Clinton, Christopher Dodd, and others who have successfully used their power to coerce lending institutions to play with credit ratings so that the poor could have a mortgage. But when rates have increased, loans could be paid and now the forgotten man, C, comes to pay.

Nope ... that the administration wanted affordable housing for the poor.

A lender qualification for someone who makes $ 30,000 a year for a $ 300,000 house has never been and never will be an idea that comes from the government. They used loopholes and gray areas "to describe those people under the pretense of" helping "

Such ideas come from banks. "Hmm, it can be ready to leave her for 3-4 payments until it is somewhat lacking, foreclosure and then we can sell the house and make more money"

This right is the line of thinking that got us into this mess. "Jim, of course you are entitled to this loan ... his only interest! Think about it, the value of the property is up anyway if you're still being fair, and have to pay interests. Sign up here Jim "

It is also another line of bull Professional Mortgage Brokers were feeding "profane"

I do not know how many times you have to say that banks caused this mess and are now upset because he exploded in their faces. Why should we bail them out when we are the ones who are dealign with the final result anyway?

Corruption

Many bankers made huge multi-million dollar bonuses on the volume of loans that banks were doing.

Executives who have understood what was happening made their multimillion dollar bonuses and retirement several years before this whole mess collapsed.

Yeah, it's rather sad ... people refer to him as "toxic mortgages" or the order of 'Bad paper to provide cover for Democrats ... led by Barney Frank strong arm lenders ... to approve home loans for 'low income' people who really could not afford it.

I do not know anyone, Republican or Democrat, who has had an "interest only" loan!

For those interested in disaster for the Clinton-Gore Internet Economy Bubble "... see how Pelosi, Dodd and Frank were putting pressure on the lending industry, threatening to affect their status CRA URL ... below

It has been and remains a suspicious character with a lisp identify. He and the rest of the sneaky weasel Washington that would have prevented this, have succumbed to political pressure and racial power of voice and popularity of the uneducated masses. Masses.