Tuesday, January 21, 2014

PRICELESS AND BRIEF

PRICELESS AND BRIEF
In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn.) proposed that borrowers be required to make a 5% down payment in order to qualify for a loan.
His proposal was rejected 57-42 on a straight party-line vote because, as Senator Chris Dodd (D-Conn) explained, "Passage of such a requirement would restrict home ownership to only those who can afford it."

I can't add anything to this - - - - I just can't.

2 comments:

Anonymous said...

WHISKEY TANGO FOXTROT! . . . . . .

Anonymous said...

"The difference between genius and stupidity is that genius has limits."....A. Einstein