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willythekid said:
Voting democrat seems to be first step to a lot of things.... like fixing the economy :wink:
That is kind of funny...seems how it was Uncle Bill that got us into this mess in the first place when he was pressuring Fannie and Freddie to extend credit to credit risk persons.
 

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That's SOOOO not fair. Clinton didn't invent option ARMs, interest-only mortgages, no-doc mortgages, and 50-year terms. The un-regulated mortgage industry came up with them all on their own. What a lot of people lose sight of is that it's got less to do with creditworthiness, than it does with the more creative products "helping" people into houses that were far more expensive than they could actually afford. Creditworthiness has nothing to do with what you can actually afford. I know several people with crappy credit who could easily afford a lot more house than they could get a loan for.
 
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