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In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob
Corker (R-Tenn) proposed that borrowers be required to make a 5% down payment in order to qualify. His proposal was rejected 57-42
on a party-line vote because, as Senator Chris Dodd (D-Conn)explained, "passage of such a requirement would restrict home
ownership to only those who can afford it."
I can't add anything to this absolute show of genius.
:eek:
Dodd also probably not be aware of the use to be requirement of qualifying for the home loan either.
The whole bunch of them.
In the words of Homer Simpson, DOH!
No worries, Mr. O gonna save us all.
Wannabe...
WB, with you being alot smarter than most of us on here (self proclaimed), I'm gonna have to disagree with ya on this one.Quote:
Originally Posted by Wannabe...
Are you kidding me? Has your quality of life not improved? Is the environment not better off? Are the bankers and Wall Street fellas not reigned in? Is the market not up? Have your taxes not gone down? Is the border not secured? Do we not have a coherant energy policy? Is the dollar not stronger? Are we not more respected in the world? Isn't Gitmo closed? Aren't the wars being managed beautifully? Is there not harmony accross the land?
Mr. O is da man I tell ya.
Wannabe...
And how!:rolleyes:Quote:
Originally Posted by Wannabe...
I wish I could add some kind of smarta-- remark, but ------------
What he said, says it all#@*&%!%?%
Hmmm. Wonder what happens when these folks cash in their $8500 1st time homeowner check and then default after they have done bought a flat screen, wii, new duds, and a hybusa? FREE MONEY! Go O go:mad: