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bob

9 months ago

in Clinton Pressure to Promote Affordable Housing Led to Mortgage Meltdown on OpenMarket.org
I believe not only zero downpayment was at fault in this housing meltdown, flipping real-estate properties were at worse. One year ago I nearly fell into this flip-market until I found out the criminals were involved in the process. They were using real-estate to launder their ill-gotten drug profit. Even broker agents solicited flip-properties to their friends and relatives knowing they will make a quick profit. The one got hurt the most are the victims who were misled by this hot market will last forever. Only the real-estate brokers knew what was about to come. I knew this zero down hurt the bank evenually but greed played importance part and the banks are paying the prices. I strongly don't believe taxpayers should bail out bankers for their incompetence. If I were not able continue payment on my car, would government come to my rescue? Our children, children will be paying up their neck on this bailout. Now Hillery wants someone to bail jer out from the polical debt. What a laught. If OB become president, I'm afraid her debt will be paid by the taxpayers.
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