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The Water Cooler
General Discussion
Obama and our government have hurt me, not helped me, every step of the way
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<blockquote data-quote="Lurker66" data-source="post: 1846923" data-attributes="member: 24459"><p>In 95 i made about $35,000 a year. A realestate agent and a loan officer assured me I could afford and pay for a $175,000. My loan would have been a VA/HUD loan. I opted for a smaller loan. I fail to see where over regulating banks caused this. </p><p></p><p>No amount of pressure from congress could have caused a loan officer for a Private bank to loan me that much money. They knew if i defaulted they would get the money from my VA backed loan.</p><p></p><p>Congress may have pressured banks to loan some money, banks seen a way to scam the .gov.</p><p></p><p>I bet we wont ever bail out big banks again.</p></blockquote><p></p>
[QUOTE="Lurker66, post: 1846923, member: 24459"] In 95 i made about $35,000 a year. A realestate agent and a loan officer assured me I could afford and pay for a $175,000. My loan would have been a VA/HUD loan. I opted for a smaller loan. I fail to see where over regulating banks caused this. No amount of pressure from congress could have caused a loan officer for a Private bank to loan me that much money. They knew if i defaulted they would get the money from my VA backed loan. Congress may have pressured banks to loan some money, banks seen a way to scam the .gov. I bet we wont ever bail out big banks again. [/QUOTE]
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The Water Cooler
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Obama and our government have hurt me, not helped me, every step of the way
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