
Originally Posted by
redGT
Wrong. The reason the housing market is as bad as it is is because the Dems pushed through legislation that basically required banks to give loans to people that could never pay them back. IMHO I don't see how renegotiating principle on home loans fixes anythings. The only way I see to start is over is to put the original requirements back in and enforce them. As for the people facing foreclosure. That sucks but why should everyone suffer for the mistakes a few. Let the bottom REALLY fall out and let's start over.
See my other post
I want to see concrete proof of this. I have heard this a few times but no one has ever backed up their claim
Not surprised. Who the hell lives in a city that is below sea level. CNN did a special on this about a year after and found that most people that left there that didnt come back found better opportunities living conditions then Pre-Katrina NO.
And that would be? The one country I would not want us to get into a war with is China. They could field our army a dozen times over.
God I love how much people drink the cool aid but fail to do research.