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What a bunch of Bull Shit


What a bunch of Bull Shit  

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Author: Old Guy   Date: 12/6/2021 2:15:51 PM  +0/-2   Show Orig. Msg (this window) Or  In New Window

Do you realize I am in the leading business?  And have been for many years.


You do not know shit.  I get real tired of this, time.after time someone comes up with some hair brain idea how it was some republicans fault.  It does not even sound reasonable that Bush did this so the OUTCOME of purchasing a home was equal, does that even  sound right to you?  Your complete post is Bull Shit.  Subprime loans started back with Clinton and continued on year after year reducing requirements to purchase a home.  Trying to produce the outcome that everybody owned a home.  It even got to the point that the buyers income did not even require verification.  Bush even got concerned and had hearing just before the crash and was lied to by Barney Frank.  The reason Barney did not run again.
 


The American Dream Downpayment Act only aimed at 40,000 families a year, all within the FHA programs. and the down payment was saved with help that normally came from a non-profit organization. The required down payment was not reduced by anyone.   It is similar to a 529 Plan, the American Dream Down Payment Act would help homebuyers save the 20% for a down payment.  It had NO effect on the market crash!


The Market crash was totally because the government put their noise into the middle of free enterprise.  Goverment only needs to regulate rules that are fair for all, make access available to all,  but what we have are a bunch of democrats who what to regulate the outcome. In the case of subprime loans it was an attempt to put people that could not afford a home into a home, they were legislating the outcome.  Just on the face of it it sounds like a democratic plan, not a Republican plan.  It came from the left, they were responsible.


 
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Calling Old guy out for the hypocrite that he is... +2/-0 bladeslap 12/6/2021 9:03:41 AM