HAVE LIBERALS NOT LEARNED ANYTHING FROM HISTORY! ONE OF THE - TopicsExpress

HAVE LIBERALS NOT LEARNED ANYTHING FROM HISTORY! ONE OF THE LARGEST CONTRIBUTING FACTORS TO THE 2008 ECONOMIC CRISIS WAS THE CLINTON ADMINISTRATIONS PUSH FOR LOAN INSTITUTIONS TO GIVE LOANS TO THOSE WHO COULD NOT AFFORD THEM TO PURCHASE HOMES THEY COULD NOT AFFORD! NOW WE ARE AGAIN GOING TO EASE STANDARDS FOR THOSE WITH WEAK CREDIT TO AGAIN PURCHASE WHAT THEY CANT PAY FOR????? In easing standards for so-called mortgage put-backs – when banks are required to repurchase faulty mortgage they sold to the two companies – Watt took aim at a risk lenders cite for the still-tight credit that has hindered the housing recovery. Tight lending standards have made it especially hard for first-time buyers and those with weaker credit to get mortgages.

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Earlier this week, the Federal Trade Commission (FTC) took action