More Affirmative Action Lending? That's what kicked the feet out from
under the economy before. Perhaps that's the goal of The Commiecrats,
financially ruin as many people as possible which will make them
dependent on government for everything. o_O
Forced into early retirement 20 years ago, I took a shot at being a
realtor. Market was down and it was a crumby business so I only did it
for a year. Believe me, the business was highly regulated and
completely free of racial prejudice. Whether or not someone could get a
mortgage was strictly based on economics. Lots of people were
completely clueless as to what they could afford but all the mortgage
people played by the same rules. The fine hand of the government caused
My assertion has nothing to do with race. I could have gotten one of
those Affirmative Action Loans which I knew I would have a severe
problem with if something happened to me like an injury which it did.
It's a good thing I didn't get a loan I didn't qualify for under normal
Well Frank most folks make the mistake of believing that Affirmative
Action only applies to people of color. That's not the case but it is
used to discriminate against White Male American citizens. Benn there,
experienced that. When I use the term Affirmative Action loans, I'm
using in the context of giving home loans to "any" person who would not
qualify for it under the previous standards of qualifying for a home
loan. I had a realtor tell me that I (someone who was well aware that
I didn't qualify for a loan) could get a home loan. I knew darn well
that I wouldn't be able to handle it if something happened to me so I
didn't go for it. ^_^
On Apr 17, 2:22 am, The Daring Dufas <the-daring-du...@stinky-
Similar problems over here in the past.
The declaration of income of mortgagees never checked.
If the gov over here lets interest rates rise,there will be thousands
can't pay their mortgages.
A lot are in negative equity right now.
That's what happened to a lot of folks, they were lured in with a candy
store of housing and they couldn't resist. Every time government decides
to interfere with normal business practices, financial calamity results.
The market will take care of itself if the government would quit trying
to run it and stick to enforcing laws passed to go after crooks. Gee, I
will never claim to be an expert on the economy but it has always seemed
to me that there is a dearth of common sense whenever government starts
screwing around with it. o_O
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