You were hoodwinked, bamboozled, duped

Just in case you didn’t know … and that’s why Pennsylvania Governor Ed Rendell thinks we need a mortgage bailout program. Not because you may have gone into too much home (and you knew it), and used your house like a credit card (irresponsibly), or hoped that the home’s value would just keep increasing and you could sell anytime. No, in the New Democrat world … you were just tricked … bamboozled … hoodwinked.

Oh and watch Governor Granholm bang her head on the table stunned that Sanford doesn’t like the plan.

httpv://www.youtube.com/watch?v=BpgkdYuTEP4

BTW, Governor Rendell’s comment on judges restructuring second home mortgage paper. True, and on student loans and car loans too.

But, extending the power to first mortgages is indeed a dangerous extention, applying to a far greater number of people and far greater dollar amounts. What’s more it vastly increases the lenders risk when making mortgages now … and what happens when risk rises? HMMMMMMMMMM? Do you know?