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<blockquote data-quote="The Other Side" data-source="post: 2095645" data-attributes="member: 17969"><p>These midwest people believe everything they hear and fact check nothing. Every "Suggestion" equals the truth in their minds. I linked all the white house memos detailing the home ownership society under bush along with his INSISTANCE that over 5.2 million homes be sold in 10 years and most of those to minority home buyers.</p><p></p><p>The white house memos spell out how "BARRIERS" to home ownership would be changed so low income buyers could afford a home. These "BARRIERS" included proof of income, Good Credit, an actual job, and proper debt to income ratios.</p><p></p><p>BUSH bragged about the number of homes sold in "HIS" bubble and then it fell apart in summer 2005 when the first interest only loans started to hit. These loans began to collapse as fast as they were written AFTER 2001.</p><p></p><p>Numbnuts blames Clinton, but none of the homes sold during clintons term were involved in the housing collapse unless they were remortgaged and equity lines taken out on those homes.</p><p></p><p>As BUSH clearly spells out, new loans for minority and low income families was rising at a pace unseen before and he said "I want to BUILD on that growth"...</p><p></p><p>That begs the question...</p><p></p><p>HOW DID THAT WORK OUT FOR AMERICA?</p><p></p><p>TOS.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 2095645, member: 17969"] These midwest people believe everything they hear and fact check nothing. Every "Suggestion" equals the truth in their minds. I linked all the white house memos detailing the home ownership society under bush along with his INSISTANCE that over 5.2 million homes be sold in 10 years and most of those to minority home buyers. The white house memos spell out how "BARRIERS" to home ownership would be changed so low income buyers could afford a home. These "BARRIERS" included proof of income, Good Credit, an actual job, and proper debt to income ratios. BUSH bragged about the number of homes sold in "HIS" bubble and then it fell apart in summer 2005 when the first interest only loans started to hit. These loans began to collapse as fast as they were written AFTER 2001. Numbnuts blames Clinton, but none of the homes sold during clintons term were involved in the housing collapse unless they were remortgaged and equity lines taken out on those homes. As BUSH clearly spells out, new loans for minority and low income families was rising at a pace unseen before and he said "I want to BUILD on that growth"... That begs the question... HOW DID THAT WORK OUT FOR AMERICA? TOS. [/QUOTE]
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