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Housing is a right of every American.........who says?

Real Estate Broker/Owner with Liberty House Realty LLC

Are Liberal Progressive Government policies pushing America toward a Federal takeover of housing?

I know for many of us, this question seems crazy however, make no mistake, Progressive Liberals would love to see America provide housing to each and every person, citizen or not. In fact, Franklin D. Roosevelt introduced this idea to America by including, "the right of every family to a decent home" as his 5th right in his proposed Second Bill of Rights.

So, would it be possible for the Government to just take over the housing industry and, promise everyone a home? It is not only possible, it's happening and it's taking place under the guise of "Housing Recovery" and the instrument which will be used to do the takeover is TARP.

Back in October of 2008, TARP was used to stabilize the financial institutions after their delinquent mortgages they were holding came close to causing these banks to melt down. What many people don't realize is, this meltdown was a direct cause of Government regulation. I don't want to bore you with all the details however, all you need to do is bring up Google and type, Community Reinvestment Act. Read for yourself how the Fed's forced lenders to adopt risky loan practices and allowed community organizations similar to Acorn to dictate to these services how many loans they had to make and to whom they went to. I know that sounds crazy.....and, I am sure I am sounding like a broken record but, these banks and servicers didn't make risky loans because they were greedy, like the media have you believe, they did it because they were mandated to do it.

Why would the government allow citizens to dictate how a bank would give out loans? It's all part of the progressive evolution of this country. It was set into motion by F.D.R. Progressives knew they couldn't revolutionize our country, Americans lover freedom too much however, they knew they could slowly progress us away from our "inadequate" Bill of Rights and Constitution with small steps and Freddie Mac, Fannie Mae and the Federal Reserve were all part of the larger picture. To put a chill down your spine, let me give you a quote to further my point.

Franklin Roosevelt said in his radio address to the nation in January 1944.

"This Republic (the United States of America) had its beginning and, grew to its present strength, under the protection of certain inalienable political rights - among them the right of free speech, free press, free worship, trial by jury, freedom from unreasonable searches and seizures. They were our rights to life and liberty.

As our nation has grown in size and stature, however, - as our industrial economy expanded these political rights proved inadequate to assure us equality in the pursuit of happiness."

You may not have known this was an agenda item on the Progressive left but, let me assure you, it is. It is my opinion, Progressive Liberals are using this Housing Crisis to their advantage. In fact, I am of the opinion that this crisis is engineered by Progressive Liberals. For those of you reading this thinking to yourself, it's not possible, it could never happen, well......have you seen this?


It's a new bill being floated around, pay special attention to Title III, TRANSFER OF POWER TO THE COMPTROLLER OF THE CURRENCY, THE CORPORATION, AND THE BOARD OF GOVERNORS. This bill is laying the groundwork for a true and complete takeover of the financial institutions and likewise, as exemplified with Bank of America, the Government will mandate to banks that they have to "forgive debt" or "lower payments". All that sounds good on its face value but, who do you think is paying for all this "forgiveness" and "lower payments"...........................YOU ARE, THE AMERICAN TAX PAYER.

Now, I do believe that President Obama is a FDR Progressive Liberal. I can give you quotes and examples of this, just let me know if you need them. Because he is a FDR Progressive Liberal, he believes everyone should have a decent home and he is going to use the American Tax Payer to redistribute the wealth of this country through the Progressive Liberal engineered Housing Crisis to make it happen. Did you read what the White House said yesterday? Just in case you missed it, let me tell you.

"The White House plans to announce on Friday that it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said Thursday."


All of that sounds great till you figure out who is paying for it. Make no mistake, I am all about helping the down and out, let's not forget, I know what it is like to live in a shelter for a year in six months. I know what it's like to have a single parent with 2 jobs and you as the eldest child had to take care of younger sibilings, I know what it's like to live with 5 people in a one room apartment in the worse part of town you can imagine...I know because I have personally been there. In fact, I still have family members that are still living that life and my heart breaks every single day for them but, no matter how hard things get, no matter how bad the outlook appears today, we are Americans, we love Freedom and Liberty and Roosevelt was wrong in 1944 and his Progressive Liberals are wrong today.

Homeownership is not a right, it is a privilege, an honor, an accomplishment, you have to work hard to own a home. In fact, because homeownership has been so easy for so many, I walk into homes that have been abandoned and abused because the homeowners didn't care or couldn't afford the maintenance on the home, either way.....it's wrong!

Ted Tyndall
Davidson Realty Inc. - Saint Augustine, FL
I will help You find the Home YOU want to Buy

Jesse, it is crazy. Nothing says we are entitled to own a home unless we can afford to buy it.

Mar 26, 2010 08:24 AM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Jesse:  I believe your article, and your opinion, are very short-sighted.  The Community Reinvestment Act is NOT the basis of all, or of the majority of foreclosures in America.  And... the foreclosures are NOT the result of regulation... but of DE-regulation.  And... who pushed deregulation of the banks and the mortgage industry ?  Bush/Cheney... or should I say Cheney/Bush.

Where are the majority of foreclosures located ?  California, Florida, Nevada and Arizona.  These are NOT the red-lined areas that were the focus of the Community Reinvestment Act.  These four states were the focus of much of the investment buying, and the ballooning of new home prices during the bubble period.

Mar 26, 2010 08:27 AM
Dan Benefield
Benefield Realty - Decatur, GA

Jesse I agree with you. There are some frightening things going on in this country right now. You can on rob Peter to pay Paul until Peter runs out of money.

Mar 26, 2010 08:44 AM
Liberty House Realty LLC
Liberty House Realty LLC - Nashville, TN
Turning the American Dream into Reality

Hi Karen,

I don't believe that the Community Reinvestment Act is the source of ALL the foreclosure in America however, I do believe it was 1 piece, a significant piece of a larger pie.

As for the foreclosures not being a result of regulation, well....Karen, we are just going to have to disagree there. What many people fail to realize about The Community Reinvestment Act is that the Act mandates that any bank who receives FDIC Insurance, which is almost all of them, be evaluated by the Feds to asses if the bank is offer credit in the communities they are chartered to do business in. This led to the Community Affairs Office to work with or in my opinion against banks and allowed the public to "identify credit needs within the community and ways to address those needs" Or, in other words, hey ACORN, see that bank on the corner, why don't you come in with the Feds and tell the bank to give more money because every American has the right to a decent home.....just like FDR said, yeah!

It wasn't till Bill Clinton when we saw this "community involvement" reach a fevered pitch. It was Bill Clinton who allowed the PUBLIC to participate and comment on the Community Reinvestment Acts performance as it pertained to banks indentifying the credit needs within the community they were located in. This community involvement led directly to the regulatory frame work that you say didn't create the mess we are in. Like I said, we are just going to have to disagree because I am sure we will never see eye to eye.

Oh and the whole Cheney / Bush, Bush / Cheney.....they were Progressive as well and you are absolutely right, they didn't make it any better, they just made things worse! The biggest mistake Bush / Cheney, Cheney / Bush made was the appointment of Ben Bernanke. It was this Progressive who said, "more lending equals better outcomes for local communities". Guess what, that proved out to be terribly wrong, now didn't it?

As for the states that were most impacted......well, go figure, of course California, Florida, Arizona and Nevada were hit hard, they had all kinds of "community involvement" in their banking so, it doesn't surprise me one bit.

Mar 26, 2010 08:51 AM
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

Jesse...When the cave man inhabited the earth, nothing was given to them.  The human race has gone soft and the liberals are proliferating it.

Mar 27, 2010 11:04 AM