Need confirmation or otherwise on how the economy got to this point?
infonut asked:
The way I always understood it, was that the democrats created liberal housing programs to enable anyone to purchase a home, which I believe started back with the Clinton Admin., which allowed the mortgage industry to **** people, that in turn drove house prices up, those loan programs came due, making people’s mortgages go up, therefore, many just walked away, causing many foreclosures, then in combination with the expense of the war is how we got where we are today.
Link to Blog: Mortgages
The way I always understood it, was that the democrats created liberal housing programs to enable anyone to purchase a home, which I believe started back with the Clinton Admin., which allowed the mortgage industry to **** people, that in turn drove house prices up, those loan programs came due, making people’s mortgages go up, therefore, many just walked away, causing many foreclosures, then in combination with the expense of the war is how we got where we are today.
Link to Blog: Mortgages
June 27th, 2009 in
Immigration | tags: Clinton Admin, Confirmation, Democrats, Foreclosures, Housing Programs, Loan Programs, Mortgage Industry, Mortgages, People, Rape