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re: America's housing policy: The definition of insanity
Posted on 10/22/14 at 8:11 pm to LSUFanHouston
Posted on 10/22/14 at 8:11 pm to LSUFanHouston
GWB was actually the president who was the huge proponent of home ownership for all. Not Obama.
4
Posted on 10/22/14 at 8:19 pm to Tiger n Miami AU83
Ok, who is president now ? Not 6 years ago.
Who appointed the current guy Mel Watt?
Who is currently presiding over a still recovering economy spurred on by housing crisis ?
Who currently has administrative staff assisting with this easing of standards?
Oh yeah, Obama is the answer to all of that.
Pull your head out of the sand and look around.
Lowering mortgage standards is not a good decision, don't kid yourself.
Who appointed the current guy Mel Watt?
Who is currently presiding over a still recovering economy spurred on by housing crisis ?
Who currently has administrative staff assisting with this easing of standards?
Oh yeah, Obama is the answer to all of that.
Pull your head out of the sand and look around.
Lowering mortgage standards is not a good decision, don't kid yourself.
Posted on 10/22/14 at 10:21 pm to Tiger n Miami AU83
quote:
GWB was actually the president who was the huge proponent of home ownership for all.
All Presidents say this. What's different about poor, dumb ole W was that he BEGGED - PLEADED with Congress to tighten the legislation before the bubble burst.
US News article
Like a lot of this mess, a bunch of these problems have roots in the good idea fairies running around the WH during the 1990s...
W? Really? Y'all don't have any other answers?
Posted on 10/23/14 at 7:27 am to Tiger n Miami AU83
quote:
GWB
LINK
W tried to tighten loan oversight and was howled down by Democrats AND Republicans. The charge was led by Bawney Frank.
But don't let facts get in the way of political views.
Posted on 10/23/14 at 9:41 am to Tiger n Miami AU83
Which president pushed through the community reinvestment act? (Hint, who was president in 1977?) Which president pushed through the biggest changes to the CRA which promoted lending to those who could not afford it? (Hint, who was president in 1995?)
All Democrats.
W, as has been noted multiple times below, begged and pleaded to rein in loans.
All Democrats.
W, as has been noted multiple times below, begged and pleaded to rein in loans.
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