Sunday, August 28, 2005

Only way to pop the housing bubble is to kybosh non-conforming mortgages

The housing bubble is wrecking the country by sucking up savings and investment capital. Young couples like the one in this New York Times story are likely to end up in bankruptcy.
http://www.nytimes.com/2005/08/28/business/yourmoney/28loan.html

What's needed is for the administration to issue an emergency order to temporarily ban non-conforming mortgages, and insist home buyers pledge in writing to live on the property for a year as a condition for receiving a loan.

Are there any grownups living inside the Beltway?
_________________
To donate to my "testing the waters" effort to assess whether I can be viable candidate for the GOP presidential nomination send contributions to

Dr. Mark Klein Exploratory Committee
6808 Estates Drive
Oakland, Ca 94611

The maximum donation is $2,100.00. To comply with federal election law please provide the following information:

Name and adress
Occupation
Name of Employer
Amount donated to date for any 2008 potential presidential candidate?

Donations are not tax deductible. Only United States citizens and legal residents are permitted under federal election law to contribute.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home

Google