The socialist Dems forced banks into giving unsecured loans to people whom were obviously not qualified for said loans. All in the name of "equality", and the lenders that tried to stop this practice were immediately labeled as racist organizations trying to oppress minorities (read: ACORN's main function).
Where in the constitution does it say EVERYONE is entitled to be a homeowner?
What's wrong with working for it, and paying for it yourself, WHEN you can afford it? Save up until you're qualified to get a loan. Why would anyone (minority or not) sign a freaking mortgage contract knowing you couldn't even afford to pay the interest on the loan, much less any monies towards the principal? Why would a government force this on it's own people if they really cared about the economy?
Greed had alot to do with this all the way around: Congress, lenders, purchasers, all are partially guilty, but the ultimate buyer is the most responsible...unless of course you think like a socialist lib whom thinks minorities are too stupid to make decisions of this importance.
Come on teeewalk, you really think the lenders are the guilty part here? I mean really, you think minorities are just too stupid to think for themselves, or are they too greedy to make the rational decision? Which one is it? Just curious...
P.S. Yeah, I'm way wrong...lol you know you can't read. EVERYONE should be a home owner, WHEN they can afford it!
Teewalk, really, the end purchaser has the final say. I have NEVER been able to force someone to sign a contract to buy something, ever. They ultimately have to agree to the terms offered and then sign. Can a lender set forth stipulations, sure, but they can NOT force a consumer to sign the contract, it's their CHOICE. Wow, what planet are you from??? BTW- I'm still waiting your reply as to whether you think they're just too damned stupid, or they lack control of their emotional side of their brains. please enlighten me. Really?