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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (584000)	9/2/2010 10:25:33 AM
From: one_less	4 Recommendations Read Replies (1) of 1572941

Consider the Clinton-era document “The National Homeownership Strategy: Partners in the American Dream." This was the plan Clinton directed HUD Secretary Henry Cisneros to come up with in 1994. Excerpt: "For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership." businessweek.com This was the fuel inside the plane that exploded the housing market that Jack built.

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