MEMO: Housing and Community Development Act of 1992 Gets a Boost From Jack Reed (D, RI): National Low Income Housing Coalition Rejoices!

Its all here. Links to the glowing LA Times report from 1999 that I highlighted in my last post, and a new more damning link that (I DUG UP, no thank you TOP TIER BLOGS!) shows to what lengths Liberals were willing to use the Freddie Mac, Fannie Mae piggy banks to buy votes for life from large swathes of under qualified would-be "homeowners". Read: Human debris who felt "entitled" to a 3 /2 with a view.

Via the National Low Income Housing Coalition, November 16, 2007, in a memo to "members":

On Friday, November 16, Senator Jack Reed (D-RI) introduced the Government Sponsored Enterprise Mission Improvement Act. The bill would amend the Housing and Community Development Act of 1992 to strengthen the affordable housing mission of Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac. Upon introduction of the bill, Senator Reed said, “I believe that deepening Fannie and Freddie’s responsibilities towards affordable housing must be a part of any type of GSE reform that we undertake in the Senate

If you go on to read this memo in its entirety, it explains in PLAIN ENGLISH the lengths to which the Democrats in Congress were willing to go to get these Liberal policies codified. How thrilled these little special interest groups seem with their new found fiat money.  They can barely contain their glee!!! The Socialist's Dream: The American Dream financed by taxpayers!

It is expected that the provisions in Senator Reed’s bill will become the affordable housing provisions in eventual comprehensive GSE reform legislation, which the Senate has not yet taken up. H.R. 1427, the House’s comprehensive GSE bill, already includes affordable housing requirements

"REQUIREMENTS".

My blood is past boil. I think it has evaporated right out my eyes.

If you click on this document, you can read it all. You will be IN.SANE. when you are done.

I googled this. Why won't everyone? This is the Information Age and we are about to elect a buffoon that we know the least about of any candidate in history.

A computer in every home and the most ignorant electorate in history. Why am I surprised that Dancing With The Stars will get more viewers than any Presidential debate?

Comments

[hiredbyharoldb]

Many thanks for your clarifying efforts, Jane! Further, I thought McCain's move to suspend the campaign was correct; while Obama is trying to bone up on his bamboozling rhetoric to survive a debate, JM has the AUDACITY to GO WORK the problem (i.e., "The Audacity of Work"). He'd rather lose(POSTPONE) a debate than lose his country; COUNTRY FIRST.... Go Mack...

[Howard van Eend]

Good post, Jane.
I've booked marked for when the whole thing implodes and the witch hunts start.
hve

[JANE SAYS: Thank you kindly, Howard. Please take the facts to all the folks you know who are still relying on the Liberal Media for their information. And, honestly, I hope I am wrong. Terribly, terribly wrong.]