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?

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Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Jim's was the long-term host of The Jim Vicevich Show on WTIC 1080 in Hartford from 2004 through 2019. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.

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