I'm pretty unhappy about the whole bailout plan. I know I'm no economist, but I do know that you don't throw good money after bad. Here are two videos shared by a fellow Pea that I think are worth watching:
Obama received the 2nd highest amount of $$ from Fannie and Freddie
They Knew in 2004
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2 comments:
Yes, they knew it would happen and did it anyway. All of the banks made money off of every loan and lenders received bonuses for so many loans in a day. We will soon see mortgages like we did in the 80's where you will not be approved without 20% down.
Reverse mortgages will be the next thing to do this.
Kens 2cents.
Back in the 20's people only ever took loans with 75% down and still some people lost their homes. They got 100% financing on that last 25% and couldn't make the payments.
What's that saying? "God's Word calls children a blessing and debt a curse. So why do so many of us rush to sign up for the curse and reject the blessings?"
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