JOHN MCKEATON5 MCCAIN OUTRAGEOUSLY VOTED AGAINST THE DOMESTIC VIOLENCE AGAINST WOMEN PROTECTION ACT TWICE AND JOHN MCLIAR MCCAIN DID VOTE AGAINST THE CIVIL RIGHTS ACT
WHOS TO FLAME FOR GAS PRICES, UNEMPLOYMENT HIGHEST IN 5 YEARS (DURING BUSHS TERM), WORLD DISRESPECTING THE USA, AND YES FORECLOSURES - HERE IS WHY IT IS THE REPUBLICANS FAULT..
MCCAINS HISTORY:
S&L SCANDAL - MCCAIN - KEATON CONTRIBUTIONS - 1987
MORTGAGE MELTDOWN - AMERIQUEST CONTRIBUTIONS - 2005
WALLSTREET BAILOUT - 2008
Here is how you got stuck paying the BAILOUT bill courtesy of Bush and McCain
MCCAIN RECEIVED MONTHLY CONTRIBUTIONS FROM THE AMERIQUEST MORTGAGE PRESIDENT FOR DEREGULATIONS FOR THE PRIVATE LENDER AND TO INCREASE PROFIT BY INCREASING INTEREST RATES ON EXISTING LOANS IN 2005.
WOW BUSH MCCAIN SCANDAL TIMELINE:
-THE MORTGAGE MELTDOWN WAS NOT THE DEMOCRATS, CONSUMER, OR HOMEOWNERS FAULT, IT WAS THE POOR NAÏVE GREEDY AND FAIL REPUBLICAN LEADERSHIP WITH REPUBLICAN SUPPORT
-BUSH/MCCAIN BOTH HAVE A LONGTERM RELATIONSHIP WITH AMERIQUEST PRESIDENT ROLAND E. ARNALL
-BUSHS NAÏVITY & GREED WANTED TO RAISE INTEREST RATES TO INCREASE BANK REVENUE LIKE OUR GAS PRICES - BANKS WERENT MAKING ENOUGH ON 3-5% INTEREST ONLY AND ADJUSTABLE ARM RATE LOANS
-GREENSPAN REFUSED TO RAISE INTEREST RATES BECAUSE GREENSPAN KNEW IT WOULD OVER LOAD HOMEOWNERS BUDGETS AND TIGHTEN OUR ECONOMY FLOW.
-BUSH THEN REPLACED GREENSPAN ON JANUARY 31, 2006 FOR A YES MAN (like McCain and palin) WITH BEN BERNANKE.
-BEN BERNANKE THEN FOLLOWS BUSH ORDERS AND RAISES INTEREST RATES ON EXIST LOANS - YOUR MORTGAGE PAYMENT CONVENIENTLY GOES UP EVERY MONTH AND WHEN MOST ARMS WERE ABOUT TO EXPIRE
-NOW WITH THE HIGHER INTEREST RATES LESS PEOPLE CAN AFFORD YOUR HOUSE BECAUSE MONEY IS MORE EXPENSIVE TO BORROW FROM LENDERS
-MOST INTEREST ONLY AND ARM MORTGAGES WERE FROM PRIVATE LENDERS LIKE BUSH AND MCCAINS BUDDY THE PRESIDENT OF AMERIQUEST (On the same day that the White House announced that President Bush is nominating California billionaire Roland E. Arnall to be ambassador to the Netherlands, the company he controls said it would set aside $325 million for a possible settlement of allegations of predatory lending tactics.)
-MCCAIN ALSO HAD A CONTINUED RELATIONSHIP FOR YEARS WITH AMERIQUEST PRESIDENT Roland E. Arnall AND RECEIVED DE-REGULATION MONEY TO VOTE IN AND RALLY OTHER REPUBLICANS TO VOTE FOR GREENSPANS REPLACEMENT, BEN BERNANKE TO FOLLOW BUSH ORDERS WITHOUT BERNANKE INPUT OR CHALLENGE REGARDLESS OF WHAT IT WOULD DO TO THE AMERICAN PEOPLE.
-INTEREST RATES ARE RAISED TOO FAST TO KEEP UP WITH FAMILIES BUDGETS OR EVEN HAVING THE OPTIONS TO SELL BECAUSE NOW LESS PEOPLE CAN QUALIFY FOR MORTGAGE TO PURCHASE YOUR HOME.
-IT IS VERY VERY IMPORTANT THAT HOMEOWNERS KNOW - AT A 3-5% INTEREST RATE YOU ARE QUALIFIED FOR YOUR CURRENT OR YOUR PAST FORECLOSED HOME
-AT 8% OF COURSE YOU QUALIFY FOR A SMALLER LOAN BECAUSE MONEY IS MORE EXPENSIVE BORROW.
-BECAUSE OF THE FAILED AND NAÏVE GREED FROM BUSH WITH THE HELP OF MCCAINS SENATE VOTE TO PUT BEN BERNANKE IN GREENSPANS POSITION WE ARE NOW IN THIS HORRIBLE BAIL-OUT MESS
-ONCE THERE ARE LESS BUYERS IN YOUR NEW PRICE RANGE. YOUR HOME STAYS ON THE MARKET LONGER
-FORECLOSURES START TO INCREASE AT THIS TIME
-NOW YOU HAVE SLOWER SALES AND FORECLOSURES AS COMPS FOR NEW BUYERS WHO ARE TRYING TO QUALIFY FOR LOANS TO PURCHASE YOUR HOME.
-THUS LEADS TO THIS MARKET FROM THE CONTINUED INCREASE OF THIS CYCLE OVER AND OVER AGAIN COMPLIMENTS OF BUSH AND 90% MCCAIN -
-THANKS BUT NO THANKS - DARN ITS TO LATE FOR THAT
-THIS BAILOUT SHOULD HAVE BEEN STARTED FROM HOMEWONERS UP NOT WALLSTREET DOWN OVER TWO YEARS AGO LIKE OBAMA SUGGESTED
-THAT WOULD KEEP THE LOANS CURRENT WITH LESS CASUALTIES OF BUSH/MCCAINS CONTINUED POOR DECISIONS AND HORRIBLE NAÏVE MISTAKES
NOW HOW IS THIS THE DEMOCRATS FAULT OR THE HOMEOWNERS FAULT WHEN BUSH RAISED THE INTEREST RATES TOO HIGH AND TOO FAST TO RUN STEADY WITH THE MARKET
IT IS BUSH/MCCAINS FAULT AND ONLY THEIR FAULT
MCCAIN DID THIS BEFORE WITH THE S&L SCANDAL IN 1987 AND THEN CREATED AN ACT THAT MCCAIN DOESNT EVEN FOLLOW HIMSELF AND THE TAXPAYER HAD TO BAIL HIM OUT THEN TOO
THIS MELTDOWN IS 8 YEARS OF BUSHS/90%MCCAIN FAILED AND EMBARASSING ATTEMPT TO RUN OUR COUNTRY - WE HAD ENOUGH OF THE EPUBLICAN 6 PACK OF BEER AND PORK
ITS TIME TO GET THE DEMOCRATIC SUPLUS THAT BUSH WENT INTO OFFICE IN 2000 AFTER BILL CILNTON, THE DEMOCRATIC SYSTEM DOES NOT WORK WHEN BUSH/90% MCCAIN GREED IS INVOLVED, MOST FORECLOSURES WERE CAUSED BY THE INCREASED INTEREST RATES OF ARM AND INTERST ONLY MORTAGES, NOT THE BLAMED FANNIE AND FREDDIE MAC LIKE THE REPUBLICANS WANT YOU TO BELIEVE - IT IS THEIR FAULT..
Loading...
2:53
Home Loan Horror Story Mortgage Meltdown Foreclosed Homeby TeachMeHomeLoans741 views
All Comments