Sunday, October 10, 2010

White House doubts need to halt all foreclosures

   That headline up there is from an AP article today. First off, who is proposing a "need to halt all foreclosures?" A few paragraphs into the article, we find one of the culprits who are calling for a moratorium:

"Rep. Debbie Wasserman Schultz of Florida, a top House Democrat, said she backed a foreclosure moratorium and government talks with the banking industry to concoct ways to let lenders reshape troubled mortgages. She said the foreclosure problem has been "extremely vexing" in her state."

   I'm not going to blame her for being a woman. I'm not going to blame for her being stupid. I'm not even going to blame Debbie of being self-serving in the face of her proposal. I'm not going to do any of those things because there simply won't be a moratorium. It really is that simple. Why belabor or argue a point when I know that nothing will come of it? Debbie, you're going to get some votes and nods from constituents but that's pretty much it. Well, the banks probably won't contribute anything to your next campaign but you'll probably make it up from the donations provided by impoverished homeowners who are facing foreclosure. Yeah, that's the ticket.

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