was not it democrats who wanted to give mortgage loans to those with bad credit?

in response to activists and groups such as ACORN, to help those who are not creditworthy to buy homes? sounds really heartwarming and generous, but was it realistic? social security and medicare are also democrat - founded that are practically bankrupt and will cause $44 trillion in debt in the coming years. it will for a certainty, because no one including republicans will do anything to fix this issue

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Remember when Clinton signed deregulation in October 1999?
Nope - the credit crisis was no government action. It was greedy loan originators ignoring or not checking credit histories and verifying income, and inflating the amount of available credit the applicant could handle. It was caused by deregulation - a favorite Republican goal
Of course, it was Democrats. The only reason poor people could not buy homes was because of racism, did not you know that? But there are other reasons, of course. I must tell you that the third time I tried to obtain a mortgage first two houses sold, and was put through the regulatory ringer, due to the "Fair Housing Act, " I got very disgusted. One might ume that someone who had clean credit, had already obtained and paid off two home loans would be deemed a good risk. So, while all these high risk loans were being made, how many good borrowers were turned down due to regulations? Pres. Bush tried to deal with Social Security reform and that got tabled. The truth about SS and Medicare is that the AARP is THE most powerful lobbyist in the nation. These wealthy retirees will not let you touch their "en lement" and they do not give a darn if there's anything there for us when we get there. And Gen - X'ers and younger, who have been told our entire lives that we would never see it are more interested in legalizing pot, fighting for rights or burning flags. If we riot, it should be about our retirements
was not it Phil Gramm, John McCain's top economics adviser, who said we do not need all those messy laws and the market can regulate itself?
Yes it was in response to those like ACORN selling wolf tickets, demanding that everyone be allowed to get a mortgage

Tags: good, groups, inflating, economics, issue

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