wdwrkr Wrote:
Dec 28, 2012 12:06 PM
ANOTHER example of the gov't mucking up a market that was working fine until the gov't decided to manipulate that market to achieve some specious social outcome. I bought my home in early '80s. I had to meet strict bank conditions for credit rating, financial standing, and down payment. These requirements prevented me from taking on a larger mortgage than I could safely afford. Needless to say, I paid off my mortgage on time, without missing a payment, without any gov't bailout. Then the gov't steps in with the CRA and the market goes into turmoil. I'm not surprised when Dems do these kind of shenanigans. But, what really gripes me is when RINO's go along with it.