littlesteppers
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Barney Frank Says Race a Factor in Subprime Blame Game
October 07, 2008 10:00 AM
The Chairman of the House Financial Services Committee, Rep. Barney Frank, D-Mass., yesterday said Republicans are misplacing blame when they target Democrats' efforts to expand affordable housing -- and Frank alleged there was a racial component to the criticism.
"They get to take things out on poor people," Frank said at a mortgage foreclosure symposium, as reported by the Associated Press's Glenn Johnson. "Let's be honest: The fact that some of the poor people are black doesn't hurt them either, from their standpoint. This is an effort, I believe, to appeal to a kind of anger in people."
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Unbelievable..BTW,,now they want for somebody that bought a house for 300 000,,cut the price..lets say to 150 000..guess who pays the difference?? IF you owna house you know its a lot more than just paying a mortgage..next we will renovate these defaulted homes ..
October 07, 2008 10:00 AM
The Chairman of the House Financial Services Committee, Rep. Barney Frank, D-Mass., yesterday said Republicans are misplacing blame when they target Democrats' efforts to expand affordable housing -- and Frank alleged there was a racial component to the criticism.
"They get to take things out on poor people," Frank said at a mortgage foreclosure symposium, as reported by the Associated Press's Glenn Johnson. "Let's be honest: The fact that some of the poor people are black doesn't hurt them either, from their standpoint. This is an effort, I believe, to appeal to a kind of anger in people."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Unbelievable..BTW,,now they want for somebody that bought a house for 300 000,,cut the price..lets say to 150 000..guess who pays the difference?? IF you owna house you know its a lot more than just paying a mortgage..next we will renovate these defaulted homes ..
