Here comes Housing Bubble round II

The Obamunists are pushing the Banking industry to loan to people with weaker credit........Riddle me this elmo.......

[url=http://www.washingtonpost.com/business/economy/obama-administration-pushes-banks-to-make-home-loans-to-people-with-weaker-credit/2013/04/02/a8b4370c-9aef-11e2-a941-a19bce7af755_story.html?hpid=z1]Obama administration pushes banks to make home loans to people with weaker credit - The Washington Post[/url]

Isn't that EXACTLY what started the first housing bubble?

Brilliant idea Mr. President............BRILLIANT.

Later,

Geo

Free phones
Free food
Free healthcare
Free houseing
Free utilities
Free schooling through college


Nothing new to see here folks. Move along please,move along.

Of course the article had to talk about communities of color.....geez can't leave out the race card!!!! The lending issue has to take a "color" angle every time. Of course that's how they keep the masses fired up.

The gubment is nuts and anyone who defends this is crazy. The administration implies that a mediocre credit score is should be good enough. Hmmmmm there you go....another example of dumbing down to the lowest common factor in the name of fairness. That's a slap in the face of others who do it right. I don't give a rats butt if a family can't afford to buy! Wanna bet there are many many many of these folks who do stupid junk with their money? So the way to help the economy is to put us tax payers on the hook for folks who can't afford to get a loan with the current standards. I thought raising the minimum wage, bailouts and all this wonderful growth this current idiot has masterminded fixed all this??? So basically....if we just went in debt another 10 trillion he could buy every swinging Harry a house, car, phone and healthcare and all would be good!!

Oh frap(conjuction of f'n chit), more taxes out of my paycheck that I dont need:mad:

[QUOTE=DJD;512111]Of course the article had to talk about communities of color.....geez can't leave out the race card!!!! The lending issue has to take a "color" angle every time. Of course that's how they keep the masses fired up.

The gubment is nuts and anyone who defends this is crazy. The administration implies that a mediocre credit score is should be good enough. Hmmmmm there you go....another example of dumbing down to the lowest common factor in the name of fairness. That's a slap in the face of others who do it right. I don't give a rats butt if a family can't afford to buy! Wanna bet there are many many many of these folks who do stupid junk with their money? So the way to help the economy is to put us tax payers on the hook for folks who can't afford to get a loan with the current standards. I thought raising the minimum wage, bailouts and all this wonderful growth this current idiot has masterminded fixed all this??? So basically....if we just went in debt another 10 trillion he could buy every swinging Harry a house, car, phone and healthcare and all would be good!![/QUOTE]

100% agree. Is this not the same mess that Stockton Ca is in???????