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Yet ANOTHER “legacy”, courtesy of Barry that will take GENERATIONS to recover. And these IDIOTS are about to DO IT AGAIN!! Will YOUR kids get to own their own home? How About your GRANDkids? THINK ABOUT IT!!

Yet ANOTHER “legacy”, courtesy of Barry that will take GENERATIONS to recover.  And these IDIOTS are about to DO IT AGAIN!!  Will YOUR kids get to own their own home?  How About your GRANDkids?  THINK ABOUT IT!!

“American Dream Slipping as Homeownership at 18-Year Low”

http://www.bloomberg.com/news/2013-07-30/american-dream-erased-as-homeownership-at-18-year-low.html

“…consumer groups are pressing lawmakers…mortgage standards designed to prevent another crash are flexible…that more families can benefit from the recovery. Regulators are close to proposing a softened version of…requiring banks to keep a stake in risky mortgages they securitize…

“Low down-payment loans…exotic adjustable rate mortgages…fuel a massive housing bubble, which…burst and took down the financial sector,” said (professor of real estate finance at George Mason University Anthony) Sanders…former head of mortgage-bond research at Deutsche Bank AG. “So the question now is do we want to do this again?””

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By Doug

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