Hi,
I just got done watching the news and what is likely coming down the pike next week and was so angry I sent a letter to the editor of the Tampa paper. If any of you feel as I do feel free to borrow anything you want as you write your local paper also.
regards,
5412
Dear Editor,
When I was a lad the American Dream was to work hard, save your money, live within your means and some day own your own home....
This week the president is going to unveil a package to "assist" folks who are in foreclosure with government money to allow them to stay in their homes.
Now let me see if I have this straight. Chris Dodd, Barney Frank, Nancy Pelosi and friends decide that they want to "require" banks to loan a certain percentage of their money to folks who are highly unlikely to afford the home they are buying. With the assistance of ACORN they pressure the banks to do just that. When the banks finally go to ACORN and say this has to stop or we will go bankrupt, ACORN goes to the Clinton administration and convince him that Freddie Mac and Fannie Mae should buy all those questionable loans so the process will continue.
Somewhere in the process a investigation is held and the investigator goes to the congressional banking committee and points out there is a real problem and the same folks, plus many others attack the messenger and nothing gets done....which in hindsight might have averted the crisis we have today.
Now our president is about to introduce a system where the government is going to "buy down" mortgages for folks who cannot afford them.
It would seem to me that the American dream has been redefined. Go buy a house you cannot afford, take out a loan you cannot pay back, then go into foreclosure and have your friends and neighbors, who have lived within their means, paid their own mortgages, help pay yours with our tax dollars. Wow, as Yakov Smirnoff used to say "What a country!" I am sure Barney Frank, Chris Dodd, Pelosi and others are sitting on the sideline cheering for the fact they once again have found a way to penalize folks who work hard and pay taxes and now they can use their money for those who made bad decisions.
Such a deal!