Showing posts with label subprime loans. Show all posts
Showing posts with label subprime loans. Show all posts

Tuesday, June 29, 2010

Democrats Boogie Men : Predatory Lenders


Everyday when I come home from work, I make sure to say a prayer of thanks to God All Mighty for once again keeping me safe from, dare I say it, Predatory Lenders.

According to politicians like President Obama, Speaker of the House Nancy Pelosi, and Senate Majority Leader Harry Reid, these critters are out there lurking in the shadows ready to pounce on unsuspecting Americans and force them to borrow money.

But God is good though, because I’ve never seen a PL. Although I’ve heard some stories about their powers of persuasion, still, I have to count my blessings. Many others are less fortunate.

Okay, let’s get back to reality.

The whole concept of the Predatory Lender is yet another Boogie Man Liberals love to create to sway the emotions of the public. It’s about as substantive as cotton candy. But, it gives license to thousands of people who borrowed more money than they could afford, for homes they had no business buying.

Does personal responsibility account for anything anymore?

I guess in the Liberal world, it doesn’t, which is why some people need Democrats to protect them from the big bad lenders throwing money in peoples faces.

But, just in case, I won’t stop praying.


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Wednesday, June 9, 2010

Andrew “Sub Prime Mortgage” Cuomo Wants to Be Governor of New York




If New Yorkers vote for the man who can be dubbed “Mr. Ground Zero” for the sub-prime mortgage mess that occurred because people with poor credit and no assets were given loans thanks to a law known as the Community Reinvestment Act.

Andrew Cuomo as HUD secretary under Bill Clinton badgered banks to make these very risky sub prime mortgage loans to Blacks and Latinos or risk not being in complaisance with the CRA and invite harsher regulations.

Andrew Cuomo must be held to account for what he did and if New Yorkers still votes him in as governor, then we deserve what we get and it will confirm to me that I live in a state filled with liberal idiots.

The Last Tradition