Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: BuckeyeTexan
I think I read an article a few days back that he also was paying lobbyists to ensure that Fannie/Freddie was not reined in.

I object to calling this scheme “affordable housing”. It was encouraging risky loans that normal lending standards would not permit.

The bubble during that period actually made homes less affordable as prices inflated. Course there is no doubt that the foreclosed homes are now imminently affordable. Somehow, I don't think that is what most Americans have in mind when they hear this term.

25 posted on 01/27/2012 3:07:06 PM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: greeneyes
I object to calling this scheme “affordable housing”. It was encouraging risky loans that normal lending standards would not permit.

Indeed. We went with Romney's own terminology. Hopefully, voters will realize what was really going on in MA.

27 posted on 01/27/2012 3:10:27 PM PST by BuckeyeTexan (Man is not free unless government is limited. ~Ronald Reagan)
[ Post Reply | Private Reply | To 25 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson