Are socialist programs in the USA just better structured or better run? - structured lending
FHA first government "socialist", the sharing of specialized loans to help to:
* First Time Home Buyers
Minorities *
* Sub-prime borrowers
Without paying money. But the FHA is financially healthy and without problems. The private banks that the Republicans pay a fortune loosening regulations with a cost of more than 700 million Americans.
This division FHA real America 'socialist' credit only so much better?
Monday, January 4, 2010
Structured Lending Are Socialist Programs In The USA Just Better Structured Or Better Run?
3 comments:
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People love socialism! As a Municipal Golf Course, lower commissions, the love, the publicly owned beaches and parks, roads and water and sewer and schools, and in the air. You do not think that things in public ownership as a socialist, but that is the definition of socialism. And the things of socialist property, which has been increasingly privatized at the end always hate the people, because the rise in prices and the service ended, consistently. But the socialism gets a bad press. It is a bad word, even if people like the reality of it.
The FHA is not a genuine sharing of social lending. Loans and implement guidelines to reduce the risk of foreclosure. Borrowers must still qualify and be incorporated into a private lender to find. It is to avoid credit terms conservative and safe methods of foreclosure. Private banks you mention are the same as the provision of funds for FHA loans.
Credit Division to a genuine socialist "would be for the government to buy houses and let live in one that keeps most appropriate for you. When it's time to move, then you need not worry about the sale of the house.
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