Adman
March 23, 2009, 11:55 AM
For instance: back in 1992, the U.S. government began requiring mortgage lenders to make about 40% of their loans to low-income applicants. And that percentage has increased to where it is now over 50%.
In other words, the federal government mandates that mortgage lenders like AIG lend more than half their mortgage loan dollars to the individuals who are most likely to not be able to repay the loans. A lot of people predicted a bad result from that policy.
Richard Dennis
Guess who started this "destruction of our economy" by FORCING lenders, via his Attorney General, to begin accepting mortgage loans from people who did NOT qualify for a Home Loan?
Right....The "Marxist Socialist", Billy Boy Clinton. He told Janet Reno (His AG) to "threaten to sue" any Lender that does NOT OK loans to "SubPrime" people.
Thus...some "House Flippers" were able to get loans for Illegals who had just crossed the border a month prior.
One mortgage co in Michigan had 317 houses on their books (when the bubble burst) ...where the lendees were Illegals.
One "House Flipper" in Caleeefornyaaa got loans for 42 Illegals....with an average loan of $250,000....and most of these people did NOT even have a job or any source of income. And the people who OKAYED these loans, that did not have a chance of being repaid, got HUGE BONUSES for "bringing in the Paper".
And....in 2006, 2 Dems, Barney Frank and Christopher Dodd were PUT IN CHARGE of Congressional Finance Committees. These 2 guys KNEW what was going on and allowed it to continue. These same 2 guys are STILL IN CHARGE of the Finance Committees, supposedly "trying to fix it".
THESE ARE THE SAME 2 JERKS WHO ALLOWED THESE LENDING PRACTICES TO CONTINUE!!!
Yup....Ole Barney's on the tube everday, cackling away on how he and our new prez are "fixing" things. What a joke!
What these "socialists" are doing is "guaranteeing" their continuation of POWER and CONTROL of our country by printing TRILLIONS of pieces of paper (they're green and called Dollar Bills and used to be worth one dollar) and giving them to the MISS-Managed companies....so they can take trips to fancy resorts and reward themselves.
Yup....these tactics will cause rampant INFLATION. Then, when a can of beans is $20, gas is $40/gal and "da people" will starve UNLESS da Gummit "helps them"....making "da people" totally dependent on "da Gummit" for EVERYTHING....that's when "da people" lose their Freedoms.
Ole Barney and his cronies will still be in power and control....doleing out a few sheckels to the "masses"....the same way the "Jessey Jacksons" and "Al Sharptons" have "Controlled" the "people of color". If the "people of color" were to stop and think for a second....they'd realize that IF they were to have an "better" life with all the goodies "Jackson & Sharpton, etal" have been promising....that..."Jackson & Sharpton, etal" would be out of a job!
When I used to help out at the local "food pantry"....the "A thru L's" would come for their FREE Box of food on Tuesdays and the "M thru Z's" came in on Weds.
The lines at this same "Food Pantry" have increased lately. And as more and more people become more dependent on "da Gummit"....the lines will keep getting longer UNTIL.....one day YOU, who are reading this, will be FORCED to "stand in line for your Food Handout" from "da Gummit"!
When that day comes....our country is gone.
And....you "think" that all YOU, who are reading this, has to do is, "Vote these Clowns out of office"!
I got news fer ya....it will be TOO LATE!
The Marxist Socialists now control the Presidency, BOTH Houses of Congress and they are now feverishly working on the Justice Dept....so that in a few months....THEY....will be in control oF ALL 3.
Our founding fathers created 3 sections; Prez, Congress & Justice so that one party would NOT be in control....each would be a check on the other. When ALL 3 are controlled by ONE "mindset"...guess what happens? They can DICTATE!
Sure was a wonder, these last few years, to watch the "Left-Wing Media" sway "da people". They got the republicans to put in a weak candidate so Bama could sweep in. And...their "class-envy" program, creating Hate of the Upper-Class (the people who pay the salaries) by the Lower-Class..... has "kicked in" to the extent that this last weekend....some "lemmings" were attacking those who got contractual bonuses from AIG.
Goes to show how easy the Left can sway "lemmings".
Don Alm...."radical Right-Winger and PROUD of it"
(Got to get busy making more shells fer my pieces and putting in the Victory Garden in the backyard and gathering more wood fer the stoves. I'm gonna try and be one of the last to "stand-in-line" fer my Gummit Handout)
In other words, the federal government mandates that mortgage lenders like AIG lend more than half their mortgage loan dollars to the individuals who are most likely to not be able to repay the loans. A lot of people predicted a bad result from that policy.
Richard Dennis
Guess who started this "destruction of our economy" by FORCING lenders, via his Attorney General, to begin accepting mortgage loans from people who did NOT qualify for a Home Loan?
Right....The "Marxist Socialist", Billy Boy Clinton. He told Janet Reno (His AG) to "threaten to sue" any Lender that does NOT OK loans to "SubPrime" people.
Thus...some "House Flippers" were able to get loans for Illegals who had just crossed the border a month prior.
One mortgage co in Michigan had 317 houses on their books (when the bubble burst) ...where the lendees were Illegals.
One "House Flipper" in Caleeefornyaaa got loans for 42 Illegals....with an average loan of $250,000....and most of these people did NOT even have a job or any source of income. And the people who OKAYED these loans, that did not have a chance of being repaid, got HUGE BONUSES for "bringing in the Paper".
And....in 2006, 2 Dems, Barney Frank and Christopher Dodd were PUT IN CHARGE of Congressional Finance Committees. These 2 guys KNEW what was going on and allowed it to continue. These same 2 guys are STILL IN CHARGE of the Finance Committees, supposedly "trying to fix it".
THESE ARE THE SAME 2 JERKS WHO ALLOWED THESE LENDING PRACTICES TO CONTINUE!!!
Yup....Ole Barney's on the tube everday, cackling away on how he and our new prez are "fixing" things. What a joke!
What these "socialists" are doing is "guaranteeing" their continuation of POWER and CONTROL of our country by printing TRILLIONS of pieces of paper (they're green and called Dollar Bills and used to be worth one dollar) and giving them to the MISS-Managed companies....so they can take trips to fancy resorts and reward themselves.
Yup....these tactics will cause rampant INFLATION. Then, when a can of beans is $20, gas is $40/gal and "da people" will starve UNLESS da Gummit "helps them"....making "da people" totally dependent on "da Gummit" for EVERYTHING....that's when "da people" lose their Freedoms.
Ole Barney and his cronies will still be in power and control....doleing out a few sheckels to the "masses"....the same way the "Jessey Jacksons" and "Al Sharptons" have "Controlled" the "people of color". If the "people of color" were to stop and think for a second....they'd realize that IF they were to have an "better" life with all the goodies "Jackson & Sharpton, etal" have been promising....that..."Jackson & Sharpton, etal" would be out of a job!
When I used to help out at the local "food pantry"....the "A thru L's" would come for their FREE Box of food on Tuesdays and the "M thru Z's" came in on Weds.
The lines at this same "Food Pantry" have increased lately. And as more and more people become more dependent on "da Gummit"....the lines will keep getting longer UNTIL.....one day YOU, who are reading this, will be FORCED to "stand in line for your Food Handout" from "da Gummit"!
When that day comes....our country is gone.
And....you "think" that all YOU, who are reading this, has to do is, "Vote these Clowns out of office"!
I got news fer ya....it will be TOO LATE!
The Marxist Socialists now control the Presidency, BOTH Houses of Congress and they are now feverishly working on the Justice Dept....so that in a few months....THEY....will be in control oF ALL 3.
Our founding fathers created 3 sections; Prez, Congress & Justice so that one party would NOT be in control....each would be a check on the other. When ALL 3 are controlled by ONE "mindset"...guess what happens? They can DICTATE!
Sure was a wonder, these last few years, to watch the "Left-Wing Media" sway "da people". They got the republicans to put in a weak candidate so Bama could sweep in. And...their "class-envy" program, creating Hate of the Upper-Class (the people who pay the salaries) by the Lower-Class..... has "kicked in" to the extent that this last weekend....some "lemmings" were attacking those who got contractual bonuses from AIG.
Goes to show how easy the Left can sway "lemmings".
Don Alm...."radical Right-Winger and PROUD of it"
(Got to get busy making more shells fer my pieces and putting in the Victory Garden in the backyard and gathering more wood fer the stoves. I'm gonna try and be one of the last to "stand-in-line" fer my Gummit Handout)
