From the article:
Former President Bill Clinton said Bank of America Corp. (BAC)‘s accord with mortgage-bond investors may give more ” underwater” borrowers a chance to cut the amount owed on their home loans.
” You’d relieve the anxiety of countless Americans who would know they could hold onto their homes,” Clinton, 64, said in an interview yesterday with Bloomberg Television’s Al Hunt.
Bank of America, the largest U.S. lender by assets, agreed this week to pay $8.5 billion to bondholders who said they were duped into investing in defective mortgages. The deal calls for specialized servicers to manage some of the highest-risk loans, an arrangement that Clinton said could lead to debt reductions and avert foreclosures.
Clinton for President? Are you insane? The same guy who sold out our country to NAFTA to put jobs over seas and is clearly a one world government advocate? Who barefaced lied? You can’t solve problems this way supporting criminals Matt.
exactly! and wasn’t it Clinton who repealled the Glass Stagall act so this horrific mess could happen?
I’ve enjoyed this website because it has focused on the issues… and not more lying blather from has-been, pompous, ineffective political “leadership” from any political party.
The headline today indicates a belief that one more political speech by one more lying politician will serve as the “grease” to get something done about this Fraudclosure Fiasco.
Clinton-Warren? I couldn’t help but laugh. I’ve been telling others that our country needs ABO for President (Anyone But Obama.) Now you’ve succeeded in putting my political frustration to the test. UGH! Re-treading Clinton? No way!… It just didn’t occur to me that I could have to face another Clinton or Kennedy option!
So here I am laughing… Boy! I needed that! Hooh-boy! Thanks for granting me levity in the midst of this fraud…. Oh, did you mean Hillary? Not much different, but I can “understand
your pain.” 🙂
Warren’s another story altogether. Give me Bachman and Warren and this Good Ol Boy from Georgia will “take the bait”!
What we need are millions of independent voters who will trounce on both political parties and hold them fully accountable for their “sins.”
Cast them all outside the gates of our cities…. let them keep company with the “goat” that carries the sins of the people.
We need relief… not just principal reductions… negative equity with continuing compounding, usurious interest accumlating to the “benefit” of the “money lenders” will lead our nation to its final, financial collapse. Don’t continue to “honor contracts” with scoundrels!
We need an old testament “year of jubilee.” Wipe out all debt! The 50 years is 10 generations too late in coming. Return the land fee simple to the deed holder and do it with clean, unclouded title. Cast the moneychangers out with the “other goats”!
Tar and feather them a little so we will recognize them if they try to slip back into our recovering economy.
ha ha…i thought people would like that….i surprised myself with the whole Clinton thing….it’s just a mark of the delusion I’m suffering from! Just chaos and a mess all the way around. I fear we’re just too far doomed for any of ti to matter….and yes, I’ve written about Jubilee!
Can’t find an article about Jubilee… Please re-post or supply current, working URL
Thanks, DamJS