> Obama filed a class action lawsuit for minority housing > loans on July 6, 1994. > > The parties voluntarily dismissed the case on May 12, 1998, > pursuant to a settlement agreement. > > Now everybody ,minorities and whites who couldn't get loans > before , had easy money to bid up the housing prices > starting in 1998. > > Most foreclosed home were the ones sold after the 1998 > settlement . > > See the CHARTS+FOR+HOUSING+PRICES > > http://images.search.yahoo.com/search/im... > > Also see class action lawsuit. > > http://www.mediacircus.com/2008/10/obama... > > > Bush was the 43rd President of the United States, serving > from 2001 to 2009.Therefore ,Obama started this mess before > Bush ever took office. > Not that I thought that much of Bush either. > > Have a good day.
typical right wing citi-bank. you are a tool the deal with bill ayer is crap, but you still spe it like he was a terrorist. i suppose that if you walk into a store and just happen to be in there when bill ayers is in there, you would be a terrorist
your on this site and so am i, youare not a liberal.
remember when bush said that every american will be able to buy a home. even if you work in mc donalds.
Now, we've got a problem here in America that we have to address. Too many American families, too many minorities do not own a home. There is a home ownership gap in America. The difference between Anglo America and African American and Hispanic home ownership is too big. (Applause.) And we've got to focus the attention on this nation to address this.
They are all guilty. The federal government at all levels, left and right.
They are guilty of providing the 'spark' environment. They are guilty of allowing and helping build the explosive situation that only needed a spark to blow up. And they are guilty of doing NOTHING truly beneficial in the aftermath and doing many things that are harmful.
Let's face it the spark for the whole crash was the oil/gasoline price. Till then despite all the underlying issues we were all fat and happy. Once we hit $4 for gasoline, the economy was hit. Once that economy took a dip, everything, particularly housing, that was based on tomorrow will always be better, shook apart.
Low interest rates for a decade, 2 decades of pushing owning a home as a right, greedy bankers, corrupt politicians, lazy media and an apathetic populace all were part of this problem.
The only solution is to return to traditional roots. People need to learn to be self sustaining, they need to live within their means, they need to strengthen themselves, their families and their community. Most importantly we need to end the misguided belief that the federal government can and should solve our problems and return them to be bound by the Constitution.