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Overnight Open Thread

704
realwest2/21/2009 7:46:07 am PST

re: #666 Last Mohican
Nope, the owner of the house is an individual who either bought the house at foreclosure or before it was foreclosed upon - see Mandy’s link at #646 above.

What someone ought to be asking Obama is this: If her (the prior owner’s) mortgage payment was $1995 a month, and her income $2200 a month, why did the bank make that loan? Was it the Community Reinvestment Act ( a DEMOCRAT Party law that fines - heavily - lenders who don’t make approximately 1/3 of all their loans to people who are not credit worth or have no credit history at all)?
And while they’re at it they ought to ask the bank WTF it was doing loaning that much money to someone who clearly couldn’t afford the house in the first place if it wasn’t to comply with CRA?

SOMTHING is genuinely FUCKED UP when folks who work hard and sweat to make ends meet suddenly are faced with paying someone else’s mortgage as well as meeting their own expenses.
There is gonna be a HUGE blowback at the Democrat Party for this once the public understands this aspect of the “Stimulus Bill”.