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I've heard tea party supporters claim that the tea party is comprised of former and present Democrats, is this a lie spread by tea party supporters?
The TP is comprised of fiscal conservatives, some of which may identify with the Democratic party on social issues. Ever hear of Blue Dog Democrats?? I'm sure there are some of them in the TP.
the housing crash was due to clinton and his ""The National Homeownership Strategy: Partners in the American Dream. "", directed by his chief of hud henry cisneros and later andrew cuomo
it had nothing to do with ''black''' but to due with ''''poor''''.....In short, it encouraged mortgage lenders to loosen-up their requirements for those seeking mortgages, thus making home ownership available to those who otherwise wouldn't qualify - in other words, for those who couldn't afford it.
The government, as a result, relaxed requirements for the federal guarantee on those mortgages(fannie/freddie): lowered income to payment ratio, relaxed income verification, reduced (or eliminated) down payments, etc. Mortgage lenders, as ones who issued those government backed loans, were encouraged - or possibly directed - to follow suit. (I say directed to follow suit because those lenders had to follow government rules if they wanted to continue to be able to issue FHA loans.)
Quote:
The National Homeownership Strategy: Partners in the American Dream, is a "..... public-private partnership working to dramatically increase homeownership opportunity in America. Under the directive of President Clinton, the Partnership was formed in 1995 by nearly 60 national organizations that care about homeownership. Today, the Partnership consists of 66 members representing lenders, real estate professionals, home builders, nonprofit housing providers, and federal, state and local governments.
HUD Secretary Andrew Cuomo said: "The good news as we mark National Homeownership Week is that homeownership in America is at record levels. But the bad news we face is that many of HUD's homeownership and other programs are under attack by some members of Congress. The success of our homeownership initiatives proves that HUD in combination with local organizations can further our goal of even more homeownership and fulfill our commitment to liberty and equity for all." Andrew cuomo 2000
I've heard many members on here express the same identical views as the guy in the video.
They agree with him 100%. Every time I post it very few if any condemn it.
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he does help my cause
