The new bill will help to save the government ruled banks Fannie Mae and Freddie Mac that spread government money like ‘drunken sailors’ that do not believe that tomorrow will ever come. However, the Pelosi & Co liberal Dems are happy to help the poor time and again.
Initially, the Dems were rushing for giving ‘the poor’ mortgages that they knew will never be paid back…Now the same Dems are giving the poor new loans to pay the old mortgages only to be recognized as the party of the poor.
Clearly, the left wing liberal anti-American Dems led by Obama, Pelosi and Reid with the drive by media led by the new York times and AP are celebrating the increase in the real estate foreclosures that is clearly a result of the reckless Bill Clinton’s 1996 Community Act.
Liberal politicians aiming at buying the votes of the ‘poor’ were led by Hillary and Bill Clinton in the 1990s as they were able to force banks to ‘go wild’ giving mortgages to unemployed and poor people without any money down and with subprime interest only to help the poor that cannot pay back any loan.
The Clinton’s idea was to help the poor on the back of the American taxpayer with free mortgages that will not be paid back only to drug the US banking system to bankruptcy.
The reckless and lawless liberal socialistic Dems proved time and again that they aim at spreading the American people tax money on buying the votes of the poor.
Thank you Bill Clinton for your reckless and anti-American way of supporting the liberal Dems' purchasing of the votes of 'the poor' on the back of the American taxpayer.