Ann Coulter writes a great column about how our government made sure that unqualified borrowers got a lot of mortgages back in the 1990s and early 2000s. Apparently, the Fed, along with the Treasury during the Clinton administration, insisted that "income sources" such as welfare payments and unemployment benefits be counted as income for the purposes of qualifying for a loan.
And we wonder why a lot of these loans are being defaulted upon. May I suggest that we roll back these unsound lending practices BEFORE we bail out Wall Street?
Gita in the deep south. - Gita is cyclone Gita, which has done a considerable amount of damage in the Pacific. This lead to the usual panic on the TV. We looked at the weather forec...
6 hours ago