Obama channels FDR - Same old, same old.
Obama wants to preserve the 30 year fixed-rate mortgage
Yeah, what a great deal. After paying for 20 years, you still owe about 50% of the original loan.
posted on 08/06/2013 7:42:51 AM PDT
posted on 08/06/2013 7:55:08 AM PDT
("Send them back your fierce defiance! Stamp upon the cursed alliance! To arms, to arms.....")
The housing bubble was a perfect storm of lax rules pushed by liberals claiming to want to help the poor and downtrodden, and greed of crony capitalists (many of whom were Dem contributors).
And like always, the Dems skated on all the blame.
posted on 08/06/2013 7:58:59 AM PDT
(Baraq's economic policy: trickle up poverty)
Who in their right mind would get a 30 year mortgage? Might as well rent because you’ll never live long enough to own it.
posted on 08/06/2013 9:37:34 AM PDT
(This reply was mined before it was posted.)
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