In Case You Forgot, Reagan Warned Us About Obama (Videos)
Creepy how this speech from the past is scarily painting the picture of the current state of our country today. These videos are an accurate depiction of where our country stands. How our economy is going down the toilet and how the government spending is out of control. Obama has turned our country against us. He is turning a republic into a 3rd world country. A police state and a country of debtors prisons. A welfare state.
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Whistler Blowers, Insiders
Yeah, well Reagan allowed this:
In 1982, Congress passed the Alternative Mortgage Transactions Parity Act (AMTPA), which allowed non-federally chartered housing creditors to write adjustable-rate mortgages. This bi-partisan legislation was, according to the Urban Institute, intended to “increase the volume of loan products that reduced the up-front costs to borrowers in order to make homeownership more affordable.”[128] Among the new mortgage loan types created and gaining in popularity in the early 1980s were adjustable-rate, option adjustable-rate, balloon-payment and interest-only mortgages. Subsequent widespread abuses of predatory lending occurred with the use of adjustable-rate mortgages.[49][129] Approximately 90% of subprime mortgages issued in 2006 were adjustable-rate mortgages.[4]
http://www.recourse-loans.com/2013/04/margaret-thatcher-died-today-and-i-am.html
I often wonder if Reagan had lived to see the housing bubble he set the table for, if he would have then seen the evils of unregulated capitalism. I wonder, Morgan.
He also set up the immigration pattern that we see today. Why he did it, I don’t know. But maybe Reagan should of warned US what happens when you make “deals” with the Demoncraps.
BO, the New World Odor.