The American Dream Downpayment Initiative of 2003 has become the mortgage disaster of 2008. Allowing people to buy houses they are clearly not qualified to afford, with the ability to repay borrowed money of a pissant, has consequences. No one wants to talk about it-- Why not? It was so much fun allowing illegal aliens and other unqualified people to get mortgages, that have now for the most part walked, why shouldn't we talk about it? Government caused the disaster, shouldn't we all know about it.RTWT.
Qualifications for mortgages were deemed 'discrimination'.
DEDICATED TO EXPOSING DISINFORMATION AND PROPAGANDA AND TO PROMOTING UNIVERSAL HUMAN RIGHTS - WITH SHARP ANALYSIS AND BLUNT COMMENTARY. NO ADS. NO TIP-JAR. JUST THE TRUTH.
Friday, March 14, 2008
WHAT HAPPENS IF QUALIFICATIONS AND DOWNMENTS FOR MORTGAGES ARE DEEMED RACIST AND THEN OUTLAWED? YOU GET A HOUSING BUBBLE WHICH BURSTS
10KSNOOKER:
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