Monday, June 21, 2010
YOU CAN'T MAKE THIS STUFF UP (P)
Democrats Vote Down 5 Percent Rule
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 guess if you're a friend of Angelo you want everyone to get a "sweetheart deal"...
It's morons like Chris Dodd that have put this country on the brink of bankruptcy and all it's going to take to finish the job is the Marxist-N-Chief who is pushing for another $50 billion in stimulus... Dear God in heaven, please help us to remove these jerks (Dodd isn't going to run for re-election) from office so we can start the healing process...
IF NOT YOU, WHO? IF NOT NOW, WHEN?