This isn't racist to ask. It's based on facts. And, Dems get a ton of votes from minorities.Since mortgage default rates are highest for blacks %26amp; Hispanics, will Dems support the bailout?
Both Bush %26amp; McCain tried to regulate these companies, with a warning that this would happen, and both times, the LIBERAL DEMOCRATS shot down the idea...Since mortgage default rates are highest for blacks %26amp; Hispanics, will Dems support the bailout?
Ummm yea too bad the homeowners aren't getting any of this tax money. It's just going to boost liquidity for the lenders, so they can perpetuate their house of cards. The homeowners will still be required to make their payments if they don't foreclose.
HAHA This isn't about the well being of the homeowners. This is about the well being of financial institutions who spent hard earned money on lobbyists to keep politicians in their back pockets.
';...
# The President set a goal to increase the number of minority homeowners by 5.5 million families by the end of the decade. Through his homeownership challenge, the President called on the private sector to help in this effort. More than two dozen companies and organizations have made commitments to increase minority homeownership - including pledges to provide more than $1.1 trillion in mortgage purchases for minority homebuyers this decade.
# President Bush signed the $200 million-per-year American Dream Downpayment Act which will help approximately 40,000 families each year with their downpayment and closing costs.
# The Administration proposed the Zero-Downpayment Initiative to allow the Federal Housing Administration to insure mortgages for first-time homebuyers without a downpayment. Projections indicate this could generate over 150,000 new homeowners in the first year alone...';
YAY!!!!! BUSH!!!! YAY!!!!!!!
your question implies that the bailout money will go to individual mortgage holders to prevent foreclosure on their homes. you are mistaken. the bailout is for the companies, their ceo's and shareholders whose bad decisions and policies created the problem. and they were allowed to make these disastrous policies because the republican controlled government decided to deregulate banks, mortgage brokers, insurance entities so there was no oversight to insure law and sound business policies were followed.
If anything, blacks and Hispanics are canaries in the coal mine. Don't kid yourself. The PTB know this debacle will move up the food chain. And fast. Wait for student loan bailouts. Wait for car company bailouts. Wait for the credit card debt implosion. All Americans except the well connected will be bone crushed. I don't care what race you are. You can run but you can't hide.
They do support the bailout, but they want the government to put more regulation on big cooperates and look for their financial statement to determine the real causes of these crisis. The rate is not only high for American- American and Hispanic. It's very high for any middle-class American!!
They will have to. They'll look bad to their voters if they don't. However, since it was Clinton that instituted the mortgage laws that got us into this mess, it is something that is coming back around to bite them in the butt.
they will be helped along with alot of whites. the dems will support it because they know people will vote for them if they get a handout. problem is i have yet to see in the constitution where they have the right to do it
Yes they will support some bailouts.
They have to.
Somebody has to clean up The Republican mess again.
Last Time President HW Bush promised ';read my lips';, and was man enough to realize it could not work.
good example of typical republican racism that they claim does not exist...... lets just blame the blacks and mexicans.
get a life!
The only problem is that your absolutely wrong. The mortgage defaults by white middl.e class is much greater
Show us the facts.
I personally don't believe they exist.
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