Friday, January 02, 2009

Community Reinvestment Act


Rush Limbaugh is right on again.
If you want to fix the Mortgage Mess
get rid of the Democrats Community Reinvestment Act.
Bailouts, Stimulus Packages are Band Aids.
They Don't work.

Rush Limbaugh says: The poor are not being "blamed." The people who lent them money are the ones responsible. Nobody's banging the poor here. The poor are as much victims as everybody else. The sad fact of the matter is that people who should never have been lent money in the first place were, and this was done on the order starting with Jimmy Carter in 1977 , and it got popular and increased in momentum with President Clinton. The Community Reinvestment Act, all this stuff, Fannie Mae, Freddie Mac.

3 comments:

Ted said...

MESSAGE TO EVERY MEMBER OF CONGRESS:

When counting the electoral votes, either Congress finds by 1/8/09 that Obama, not being an Article II “natural born citizen”, fails to qualify as President whereupon Biden becomes the full fledged President under 3 USC 19 (free to pick his own VP such as Hillary) or thereafter defers to the Supreme Court to enjoin Obama’s inauguration with Biden becoming only Acting President under the 20th Amendment until a new President is duly determined.

The preferable choice, at least for the Democrats, should seem obvious.

Ms Calabaza said...

Rush is spot on!

klatu said...

Yea: Everything else is a band aid.
Banks should not be forced to give $$$$$$$$ to people who have no job, no income, credit, etc. anymore (HOW MEAN OF ME). THE CRA needs to go.