The 2007-2008 mortgage crisis caused a serious recession in America affecting the world economy. We all lived through it. I did not think that anyone would stoop below some of the atrocious policies enacted by our government prior to that crash. Senator Harris has a plan called Combatting the Racial Homeownership Gap and it is remarkably more insane.
Let me take you back to the aftermath of the financial crisis where people were beginning to grasp what happened from the rearview mirror. I wrote Kill All The Bankers https://townhall.com/columnists/brucebialosky/2011/10/10/kill-all-the-bankers-n1048576 Congresswoman Waters proposed at the height of the mortgage boom leading to the crash that she wanted to expand the loans made to the Black Community. Her thought was if you can pay rent, you can pay a mortgage. She totally disregarded the other relevant costs like surprise necessary repairs that homeowners must make like a broken waterpipe or replacing a water heater.
Presidential candidate Senator Kamala Harris has taken Waters’ utterly stupid and financially dangerous proposal and doubled down on it to appease two important Democrat constituencies: Blacks… Read More