Starting with Carter's "Community Reinvestment Act" on to Obama suing Citicorp for the Congressional Black Caucus to force them to make loans to unqualified buyers...
The whole agenda was to make taxpayers buy homes for people who otherwise could never afford them........
The plan was after people who could not repay their loans defaulted and foreclosures began, that would be used as a sympathy issue and more bailouts would be called for (or it would be "cruel"). Now 40% of those who were offered refis to prevent foreclosures, defaulted yet again!
There were 1 MILLION foreclosures. If an average house costs $200,000, WHY DIDN'T WE JUST BUY A MILLION HOUSES AT $200BILLION INSTEAD OF BAILING OUT THE BANKS AT $700BILLION?
Aren't we just being royally screwed?
