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In Hillary Clinton's letter to Secretary Henry Paulson, she threatens the use of $5,000,000,000 of taxpayer money to give to communities to deal with the problem if he does not come up with a solution. Taxpayer money should not be used in any way to deal with this crisis. These home buyers were not forced at gunpoint to take out these loans. If home prices were going up instead of down, would these same borrowers who are now in serious financial trouble share their equity with taxpayers?
Hillary is right on one count: where were federal regulators when all of these home loans with ridiculous underwriting requirements written? The answer is they handled the situation in the same manner as they dealt with the 12,000,000 illegal aliens that crossed our borders-they simply looked the other way. Sorry folks, Washington has once again failed to protect its citizens.
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