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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (108948)	8/30/2007 9:47:42 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 132070

Lol, they don't know he's kinda from Texas. -g- breitbart.com

To: Knighty Tin who wrote (108948)	8/30/2007 11:11:43 PM
From: dave rose	Read Replies (1) \| Respond to of 132070

Please- No ad hominem attacks please. Dave

To: Knighty Tin who wrote (108948)	8/31/2007 11:30:02 AM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

No surprise here: <<< First, according to the Post article, the plan would allow the Federal Housing Administration (FHA) to waive the current 3 percent equity requirement and allow it to insure mortgages that exceed the market value of the home. In other words, the FHA will be helping moderate income homeowners to borrow $200,000 on a home that is worth $180,000. That doesn't sound like a very good plan for the homeowner and is probably not an especially good use of government money. It essentially means paying off the current mortgage holder -- who otherwise would be holding bad debt -- with taxpayer money. >>> prospect.org Tom