9.30.2008

"Tricked" into buying homes they couldn't afford?!

Obama is now saying poor people were "TRICKED into buying homes they couldn't afford." Here's a story about ACORN. The Full article is really WORTH reading. Here is first bit of it. HERE is full story.



Chutzpah: ACORN's drive to lower mortgage standards paved the way for the meltdown - yet last week, it was holding protests like this one in Florida, trying to get a cut of the financial-market-rescue bill.
Chutzpah: ACORN's drive to lower mortgage standards paved the way for the meltdown - yet last week, it was holding protests like this one in Florida, trying to get a cut of the financial-market-rescue bill.

WHAT exactly does a "community organizer" do? Barack
Obama
's rise has left many Americans asking themselves that question. Here's
a big part of the answer: Community organizers intimidate banks into making
high-risk loans to customers with poor credit.

No comments:

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...