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Originally Posted by Guest
I noticed that you did not mention the fault of Fanny/Freddy in the mortgage collapse. Giving loans to anyone, regardless of their ability to make payments is irresponsible. To even allow private citizens, to push private citizens into adjustable rate mortgages was irresponsible. And after five years when those ARM's suddenly increased in interest rate and those home owners decided to walk away from those loans, that was also irresponsible. And Obama allowing them loan forgiveness was only condoning such irresponsible practice.
Bush attempted on many occasions to get Fanny/Freddy audited, but Barney Frank refused. I am not blaming anyone in particular for this mess, but banks being forced to give loans to EVERYONE is part of the problem. Clinton said "everyone should own a home" in America. I don't agree. Not everyone can afford a home in America.
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Not "everyone" is CAPABLE of owning a home. Face it. Look at black/hispanic parts of town, their houses...wrecks. Look what they do to a city...wreck it. They wreck entire countries too. They're NOT us...they're INCAPABLE of doing what we do. We MUST understand this and act accordingly.
Liberals are destroying us through forced diversity.