President Bush Discusses Homeownership Financing
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Uploaded by jozzle2 on Sep 26, 2008
President Bush Discusses Homeownership Financing August 31 2007.
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Uploader Comments (jozzle2)
All Comments (11)
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one guy had 20 home loans in CA
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people had 9 homes in five states
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bush was in stockton CA 2006 and 2001 people said they made $400,000 a year
homes that where $700,000 now $160,000
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look at the body language
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Why cant the "poor low income" (like I was) save their money and get two jobs like I did to earn enough to buy their first house or condo? Clinton started this crazy idea to be the benevolent one at the taxpayers expense. His way to get votes. And look at the mess it made. Stop the subsidies. Look how welfare has destroyed a people and now a nation.
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Anyone who knows the slightest thing about economics understands that subsidizing home ownership along with every other tax and financing program that benefits real estate in general must create artificial profitability that draws in capital investment better used elsewhere and periodically results in a bust after speculators draw in the ill informed resulting in a Ponzi scheme like bust. Bush et al could not be that stupid so, one must suspect, they intended the collapse. Cui bono?
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"the fundamentals of the economy are strong" ha ha ha.
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Please watch 'home ownership and President Bush' watch as he tells the country he is pumping in 470 BILLION dollars to this program he now blames on the very companies he worked with to implement it. WHAT A SCUMBAG. The systematic destruction of the country, what a traitor, what a freakin CRIMINAL. Sean Penn is right, these guys should be in FUCKING JAIL or even executed. America, these guys have royaly fucked you up the ass and NOT EVEN A WHIMPER FROM YOU = SAD.
3 years ago 2
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watch?v=kNqQx7sjoS8
FM and FM provided the raw materials for the buildup of the Credit Default Swap market from $1 billion to $62 billion (half the size of the entire GLOBAL economy), leading to what Ben Stein called "staggering" profits on LOSSES.
This was every bit an inside job (deregulation) as Sept 11 was pre-planned in writing, the NEED for a bloodbath on American soil.
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The very bail outs he said weren't the job of the government he is now trying to push through congress with the force of a freight train. Mr. Bush I must now ask you a question. If it's not the job of the government to bail out lenders, Why are you pushing this bail out, or as you call it rescue plan, so hard?
jozzle2 3 years ago
For those who haven't watched the video, about half way through it Bush makes the following comments "We've got a role, the government has got a role to play -- but it is limited. A federal bailout of lenders would only encourage a recurrence of the problem. It's not the government's job to bail out speculators, or those who made the decision to buy a home they knew they could never afford."
jozzle2 3 years ago