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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (846108)	3/29/2015 3:02:45 PM
From: one_less	2 Recommendations Recommended By i-node TideGlider Read Replies (1) \| Respond to of 1577894

The problem was initiated by Clinton and continued to get worse under Bush. The National Homeownership Strategy began in 1994 when Clinton directed HUD Secretary Henry Cisneros to come up with a plan, and Cisneros convened what HUD called a "historic meeting" of private and public housing-industry organizations in August 1994. "For many potential home buyers, the lack of cash available to accumulate the required down payment 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

To: combjelly who wrote (846108)	3/29/2015 3:27:43 PM
From: i-node	1 Recommendation Recommended By TideGlider Respond to of 1577894

It isn't being ignored. I've responded to essentially the same post a half dozen times when YOU made it. It s bullshit. You can't say Bush had NO role; but the reality is that the confluence of events that killed the economy in 2008 began in the early 90s and began spinning out of control by the late 90s. Bush was able to prop it up after the Clinton recession with tax cuts. But ultimately, it was going to crash. Robert Rubin, instead of firing Brooksley Born, should have kissed her ass and done whatever she told him to do.