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Newt Gingrich Announces His Candidacy
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<blockquote data-quote="The Other Side" data-source="post: 837655" data-attributes="member: 17969"><p>Moreluck, </p><p> </p><p>why do you beat a dead horse? If youre P.O.'d, go to crawford and complain to that drunk why he ended the 20% down payment requirement. You keep saying "the dems"....?? are you serious? I posted three videos where George W. Bush, his administration and his advisors created the home ownership society, they stated they wanted 5.5 million new low income minorities to buy homes, they stated they knew down payments were a barrier so they were going to eliminate those barriers with no questions asked.</p><p> </p><p>Thats the whole "enchilada" moreluck. A pure admission of responsibility, yet you keep saying "the dems" WANTED THIS TO HAPPEN.</p><p> </p><p>Where do you get your logic?</p><p> </p><p>Show me a democratic president that called for 5.5 million new low income minority homeowners in 5 years? Show me a democratic president who said he was ordering the creation of new "financial instruments" to help low income minorities get a home loan? Show me a democratic president who asked freddie mac and fannie mae to set aside billions of dollars for minority homeowners?</p><p> </p><p>Please dont humor me with glass/stegal. Save yourself the embarrassment.</p><p> </p><p>Glass/Stegal</p><p>The bill that ultimately repealed the Act was introduced in the Senate by <a href="http://en.wikipedia.org/wiki/Phil_Gramm" target="_blank"><span style="color: #0645ad">Phil Gramm</span></a> (Republican of <a href="http://en.wikipedia.org/wiki/Texas" target="_blank"><span style="color: #0645ad">Texas</span></a>) and in the House of Representatives by <a href="http://en.wikipedia.org/wiki/Jim_Leach" target="_blank"><span style="color: #0645ad">Jim Leach</span></a> (R-<a href="http://en.wikipedia.org/wiki/Iowa" target="_blank"><span style="color: #0645ad">Iowa</span></a>) in 1999. <strong>The bills were passed by a Republican majority, basically following party lines by a 54–44 vote in the Senate</strong><a href="http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act#cite_note-senate.gov-18" target="_blank"><span style="color: #0645ad">[19]</span></a> and by a <strong>bi-partisan 343–86 vote in the </strong><a href="http://en.wikipedia.org/wiki/U.S._House_of_Representatives" target="_blank"><span style="color: #0645ad"><strong>House of Representatives</strong></span></a>.<a href="http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act#cite_note-clerk.house.gov-19" target="_blank"><span style="color: #0645ad">[20]</span></a> After passing both the Senate and House the bill was moved to a <a href="http://en.wikipedia.org/wiki/United_States_congressional_conference_committee" target="_blank"><span style="color: #0645ad">conference committee</span></a> to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 90–8 (one not voting) and in the House: 362–57 (15 not voting). The legislation was signed into law by President <a href="http://en.wikipedia.org/wiki/Bill_Clinton" target="_blank"><span style="color: #0645ad">Bill Clinton</span></a> on November 12, 1999.<a href="http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act#cite_note-govtrack.us-20" target="_blank"><span style="color: #0645ad">[21]</span></a></p><p> </p><p>YOU SAID that minorities were targeted by dems, and this is not true. GW BUSH clearly gave a number he wanted and programs to achieve those goals..</p><p> </p><p>They were are all FAILED policies.</p><p> </p><p>Glass/Stegal had nothing to do with Bush's "home ownership society".</p><p> </p><p>There are plenty of "white" americans walking away from homes across this country in larger numbers than minorities, in case you needed reminding.</p><p> </p><p>In your area, as well as san diego, has the second highest rate of foreclosures in the country and its predominately white.</p><p> </p><p>So get off the high horse. Million dollar homes are vacant in your area and selling for 500K nowadays.</p><p> </p><p>Its no longer a prestigest area.</p><p> </p><p>Peace.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 837655, member: 17969"] Moreluck, why do you beat a dead horse? If youre P.O.'d, go to crawford and complain to that drunk why he ended the 20% down payment requirement. You keep saying "the dems"....?? are you serious? I posted three videos where George W. Bush, his administration and his advisors created the home ownership society, they stated they wanted 5.5 million new low income minorities to buy homes, they stated they knew down payments were a barrier so they were going to eliminate those barriers with no questions asked. Thats the whole "enchilada" moreluck. A pure admission of responsibility, yet you keep saying "the dems" WANTED THIS TO HAPPEN. Where do you get your logic? Show me a democratic president that called for 5.5 million new low income minority homeowners in 5 years? Show me a democratic president who said he was ordering the creation of new "financial instruments" to help low income minorities get a home loan? Show me a democratic president who asked freddie mac and fannie mae to set aside billions of dollars for minority homeowners? Please dont humor me with glass/stegal. Save yourself the embarrassment. Glass/Stegal The bill that ultimately repealed the Act was introduced in the Senate by [URL="http://en.wikipedia.org/wiki/Phil_Gramm"][COLOR=#0645ad]Phil Gramm[/COLOR][/URL] (Republican of [URL="http://en.wikipedia.org/wiki/Texas"][COLOR=#0645ad]Texas[/COLOR][/URL]) and in the House of Representatives by [URL="http://en.wikipedia.org/wiki/Jim_Leach"][COLOR=#0645ad]Jim Leach[/COLOR][/URL] (R-[URL="http://en.wikipedia.org/wiki/Iowa"][COLOR=#0645ad]Iowa[/COLOR][/URL]) in 1999. [B]The bills were passed by a Republican majority, basically following party lines by a 54–44 vote in the Senate[/B][URL="http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act#cite_note-senate.gov-18"][COLOR=#0645ad][19][/COLOR][/URL] and by a [B]bi-partisan 343–86 vote in the [/B][URL="http://en.wikipedia.org/wiki/U.S._House_of_Representatives"][COLOR=#0645ad][B]House of Representatives[/B][/COLOR][/URL].[URL="http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act#cite_note-clerk.house.gov-19"][COLOR=#0645ad][20][/COLOR][/URL] After passing both the Senate and House the bill was moved to a [URL="http://en.wikipedia.org/wiki/United_States_congressional_conference_committee"][COLOR=#0645ad]conference committee[/COLOR][/URL] to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 90–8 (one not voting) and in the House: 362–57 (15 not voting). The legislation was signed into law by President [URL="http://en.wikipedia.org/wiki/Bill_Clinton"][COLOR=#0645ad]Bill Clinton[/COLOR][/URL] on November 12, 1999.[URL="http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act#cite_note-govtrack.us-20"][COLOR=#0645ad][21][/COLOR][/URL] YOU SAID that minorities were targeted by dems, and this is not true. GW BUSH clearly gave a number he wanted and programs to achieve those goals.. They were are all FAILED policies. Glass/Stegal had nothing to do with Bush's "home ownership society". There are plenty of "white" americans walking away from homes across this country in larger numbers than minorities, in case you needed reminding. In your area, as well as san diego, has the second highest rate of foreclosures in the country and its predominately white. So get off the high horse. Million dollar homes are vacant in your area and selling for 500K nowadays. Its no longer a prestigest area. Peace. [/QUOTE]
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