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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (137584)	7/10/2012 4:24:44 PM
From: sm1th	2 Recommendations Read Replies (1) \| Respond to of 224750

The adjustable rate mortgages were a real scam imo. Nobody was forced to take an adjustable rate mortgage, and if they have sufficient income they can refinance any time they want. If they don't have enough income, then a fixed rate mortgage will not help. No legal changes are necessary. What is necessary is to shut down freddie, fannie and the FHA. Govt guarantees of low quality mortgages is the real cause of the problem, and as long as politicians think there are votes to be had by increasing home ownership, it will not end.

To: MJ who wrote (137584)	7/10/2012 6:25:11 PM
From: MJ	Respond to of 224750

deleted

To: MJ who wrote (137584)	7/10/2012 6:25:37 PM
From: MJ	2 Recommendations Respond to of 224750

POLITICAL NOTES by mj For the past four years we have had a man Barrack Hussein Obama also known as Barry Soetoro, in the office of the President of the USA telling the majority of American people who have started businesses and who own homes----what to do with their businesses and homes----when he has no experience in these areas of life. 1.Obama was not a homeowner before he bought the Rezko property in Chicago 2. Obama never founded or owned a business. This is an unqualified man with no experience now telling business owners and homeowners what to do and also what not to do. See and read this brief article-----then go to the real detailed story on Wikipedia that documents all of the news sources. Put in Rezko and read and read------Rezko and Obama tied together. "From: Points of Interest (In Chicago) The Obama Family Home Walk on the south side of East Hyde Park Boulevard. You can only see the house from that side due to Secret Service protection on the north side. The Obamas were able to buy this renovated mansion in 2005 for $1.65 million after then Senator-Elect Obama signed book contracts with Crown Publishers and Alfred A. Knopf at the end of 2004. (Prior to buying this house, the Obamas lived in a vintage condo at 5450 S. East View Ave.) The home purchase took on political significance for its connection with Tony Rezko, a Chicago real estate developer who was one of Obama's earliest supporters. The longtime political fundraiser was later convicted on several counts of fraud and bribery. The previous owner wanted to sell the house and a neighboring empty lot in one deal. On the day the Obamas bought the mansion, Rezko's wife, Rita, bought the adjoining empty lot. Obama has acknowledged he told Rezko about the need to close both deals on the same day, but has denied the two coordinated to make the purchases. In 2006, the Obamas bought a 10-foot strip of the empty lot from Rezko for $104,500. Rezko never developed the remaining portion of the corner lot. Once, when (USA)Sen. Obama called the mansion to brag to his wife about federal legislation he helped pass, Michelle Obama ignored him, saying, “We have ants.” She wanted him to stop on his way home to pick up some traps for the manse. --- Obama Family Home 5046 S. Greenwood Ave. Northwest corner, East Hyde Park Boulevard and Greenwood Avenue Chicago