[DeTomaso] Very little Pantera content

[gow2 at rc-tech.net]

After Clinton decided to sue banks which were not lower their lending
standards so anyone could get a loan with no money down regardless of the
ability to pay, these rules applies weather you were buying a $10k house
or a $10m house.

Next they changed the laws allowing bad loans to be sold. This is criminal
to say the least. The people who made the money were the ones who were
close to law makers and even bounced back as law makers and banking
officials. This is how Franklin rains made $90 mill in 3 years. It wasn't
about good business it was about making deals. The whole system was
changed so people could skim off of the selling of loans and other deals.

ALL of this to line the pockets of those involved!

Bush was as liberal as the republican comes but he still made 13 attempts
to stop this mess and it came to vote 2x which was voted down party lines.
Yet the liberals use Bush being a Liberal republican as an excuse to be
Liberal superheros.

It used to be when you bought a car, a house, you put 20% down. With the
Carter/Clinton housing laws all that went away. The 20% was what protected
the banks! They couldn't do it if they wanted to.

Even now you can get a loan for a low percentage with little or no money
down but they want you to take out an insurance policy in case you can't
pay, and an insurance policy in case you lose your job or other. So now
instead of giving them 20% down like anyone would, and taking out a loan
for 80% you NOW take out a loan for about 100% and pay an extra 20% in
insurance fees.

And what the democrats are doing now makes all that look like kindergarten
playtime!

Everyone involved in business and industry I deal with are more then
scared. There is no light at the end of the tunnel with what is going on.
The prosperity this country had will never be again.