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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (90508)	2/22/2008 9:49:07 AM
From: HPilot	Read Replies (1) \| Respond to of 93284

Not sure I get your point? If they knew they could not repay, then that is fraud? Most thought they could repay, the amount you could borrow against your income was raised so poorer people could qualify. But many were using varible rates and the amount they would have to pay if interest rates went near the limit was not factored in.

To: jlallen who wrote (90508)	2/22/2008 9:51:55 AM
From: sea_biscuit	Read Replies (1) \| Respond to of 93284

They didn't know they couldn't repay. And neither did your genius leader Dumbyasshole!

To: jlallen who wrote (90508)	2/22/2008 9:59:45 AM
From: sea_biscuit	Read Replies (1) \| Respond to of 93284

That's because they were following the advice of your moron leader! From whitehouse.gov (August 9, 2004) : Expanding Homeownership. The President believes that homeownership is the cornerstone of America's vibrant communities and benefits individual families by building stability and long-term financial security. In June 2002, President Bush issued America's Homeownership Challenge to the real estate and mortgage finance industries to encourage them to join the effort to close the gap that exists between the homeownership rates of minorities and non-minorities. The President also announced the goal of increasing the number of minority homeowners by at least 5.5 million families before the end of the decade. Under his leadership, the overall U.S. homeownership rate in the second quarter of 2004 was at an all time high of 69.2 percent. Minority homeownership set a new record of 51 percent in the second quarter, up 0.2 percentage point from the first quarter and up 2.1 percentage points from a year ago.