>>I suppose that I hate Bush with as much passion as most of the rest of the world but let's face it - Bush's home ownership agenda was largely pushed on him by the Democratic Black Caucus.<<
too much right wing radio and TV for you.
your statement is flat out wrong. bush pimped his "ownership society" to the point of suing new york to prevent them from enforcing "ability to repay" as a prerequisite to a loan..
don't fall for this lies of the political hacks.
bush sues states to prevent a reduction in predatory lending to people who could not afford the loans...
washingtonpost.com
What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge? As Americans are now painfully aware, with hundreds of thousands of homeowners facing foreclosure and our markets reeling, the answer is a resounding no.
Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.
,,,
In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules.
here's bush pimping his "ownership society."
whitehouse.gov
down payment? bush's ownership society don't need no down payment...
A lot of folks can't make a down payment. They may be qualified. They may desire to buy a home, but they don't have the money to make a down payment. I think if you were to talk to a lot of families that are desirous to have a home, they would tell you that the down payment is the hurdle that they can't cross. And one way to address that is to have the federal government participate.
everyone can have a nice home just like everyone else... no need to work your way up to a nice home... not under bush's "ownership society"
The other thing Kirbyjon told me, which I really appreciate, is you don't have to have a lousy home for first-time home buyers. If you put your mind to it, the first-time home buyer, the low-income home buyer can have just as nice a house as anybody else.
bad credit? no problem...
Freddie Mac recently began 25 initiatives around the country to dismantle barriers and create greater opportunities for homeownership. One of the programs is designed to help deserving families who have bad credit histories to qualify for homeownership loans.
and you want me to believe there was a democrat twisting bush's arm like some kind of puppet?
somebody has been lying to you. |
