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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Geoff Altman who wrote (276147)10/22/2008 11:21:02 PM
From: ManyMoose1 Recommendation  Read Replies (3) | Respond to of 793896
 
The goal of this rule change was to help the poor — which especially would help members of minority groups. But how does it help these people to give them a loan that they can't repay? They get into a house, yes, but when they can't make the payments, they lose the house — along with their credit rating.

They end up worse off than before.

The logic of that escapes me.



To: Geoff Altman who wrote (276147)10/23/2008 4:30:23 AM
From: Bearcatbob  Read Replies (1) | Respond to of 793896
 
Geoff, After the election they will find their voice - when it will not matter. Look for realization that ACORN and Obama are buddies and that the magical money tree is not magic at all. Just MMHO.

Bob


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