Posted by
rycK on Sunday, September 28, 2008 12:26:58 PM
The Liberals Got
Away with your Taxes, Wasted them on Phony Mortgages and Will Do it Again!
We do not
have a clue what they are going to do. But, we do know that Nancy Pelosi
[a Marxist and Queen of
the Asian massage parlors in San Francisco] and her Fellow Travelers along with
known criminals in Congress like Chris Dodd [a criminal like his father] will
divert much of this away from a mere ‘rescue’ and ensure that their political
constituents, [druggies, illegal aliens and others more deserving of assistance
but with poor credit] will get a windfall off of your money. They will still, apparently, keep the
socialist revenue-destroying and tax-wasting legislation known as the Community
Reinvestment Act intact
so they force more lenders to make worthless mortgage loans. Maybe
Fannie Mae will be back with another leftist stooge from the Democratic Party
to buy up the crap and hold it for the next bailout.
“Pelosi also apparently found middle ground on a plan to allow the
federal government to
recoup money for taxpayers if the asset-purchase program
isn't making money after a certain amount of time. A House leadership aide said
early Sunday morning that details were not immediately available. But the
general concept was to provide Congress with a mechanism that would be
triggered perhaps within five years to allow lawmakers to offset some, if not all, of the bailout costs.”--Lawmakers Reach
Tentative Bailout Deal By Michael R. Crittenden And Siobhan Hughes 9.28.08
This
comment is fine as far as it extends into the problem. The main problem is the phony and Marxist Community
Reinvestment Act that forces lenders to just give away
money for no return except the hope that they will vote for Democrats whether
they are registered or not.
I cannot
understand why the taxpayers do not get all they can back from the bailout!
How stupid
are these bozos in Congress? Do they think we are not watching this? And the
drafting will happen in Nancy Pelosi’s office with ACORN and other parasitic
organizations clinging to the walls wailing for some more free money from the
taxpayers.
We need
to read the DETAILS
of this wreckage before it goes to a vote.
rycK
Comments
to: ryckki@gmail.com
“The Community Reinvestment Act (or CRA, Pub.L. 95-128, title VIII, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.)
is a United States federal law that
requires banks and thrifts to offer credit throughout
their entire market area and prohibits them from targeting only wealthier
neighborhoods with their services, a practice known as "redlining."
The purpose of the CRA is to provide credit, including home ownership
opportunities to underserved populations and commercial loans to small
businesses. It has been subjected to important regulatory revisions”.
Lawmakers Reach Tentative Bailout
Deal By MICHAEL R. CRITTENDEN and SIOBHAN HUGHES 9.28.08