Re: Barack Obama's STOP FRAUD Act - Ouch
The way it is written Neal everyone is at risk.
Additionally after this starts a tsunami of litigation cost such as insurances such as E&O will skyrocket even though most E&O insurances will NOT pay on claims involving “fraud”. But these costs will be past on to who? The consumer that’s who.
This legislation proves beyond a shadow of a doubt that Sen. Barack Obama clearly does not understand economics and is not ready to lead a nation on the brink of a recession.
As we have seen this year, housing affects every aspect of the economy. Sen. Barack Obama’s cure for a dog with a broke leg is a bullet.
Amazing!
He is on record stating that African American’s are subject to greater scrutiny for home loans. If that is truly the case, worsening the credit crunch and making mortgages even harder to get will adversely affect in disproportionate numbers those he claims to champion.
~Mack
|