Page 10 - Couldnt Pay News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bubble seem to me to be missing a very important point. we are talking here about entity. home ownership, homes where there is not the degree of leverage that we have seen elsewhere. this is not the.com situation. you are not going to see the collapse that you see when people talk about a bubble. those of us on our committee in particular will continue to push for home ownership. >> bill: unbelievable. he gets reelected and reelected and reelected. of course the housing bubble did collapse partly because lenders gave money to folks who couldn't pay it back. mr. frank remains responsible for a ...

Bubble seem to me to be missing a very important point. we are talking here about entity. home ownership, homes where there is not the degree of leverage that we have seen elsewhere. this is not the.com situation. you are not going to see the collapse that you see when people talk about a bubble. those of us on our committee in particular will continue to push for home ownership. >> bill: unbelievable. he gets reelected and reelected and reelected. of course the housing bubble did collapse partly because lenders gave money to folks who couldn't pay it back. mr. frank remains responsible for a ...

New haven. the father, ken, he was a contractor, had a pretty good job, they could afford that home at one point in time. his clients, because of the housing crisis, couldn't pay him huh they owed him. they fell behind on their bills, so did ken's family, and thus, the cycle continues, and then they lost their home. drew? >> is he working? are they bringing income in? >> right now, again, contractor, the work is whenever there is a job. so it's very sportic. the mother, six kids from age 10 up to 17, not working right now. other than managing the lives of six children. and when you look at the...

What 70% of the country want. they can't build a fence, they can't evacuate new orleans, they can't run a post office, and the guy in nevada, the brothel owner who couldn't pay his taxes turned his brothel over to the government ran it into the grounds in six months. they can't even run a whorehouse in nevada. >> they would argue that post katrina, building a fence came under a previous administration. the administration said they're sending more troops down to patrol the border. and, in fact, the president has said many times during the campaign and afterwards he governs by what he thinks is ...

Relief, it wasn't as bad as it could have been. it wasn't as helpful as they had hoped and their $600 million in lobbying had hoped for, but it was better than that. other things consumers didn't get -- auto loans aren't in this. the consumer protection agency will not cover auto loans. that's still individual dealers and individual companies allowed to do that. they didn't touch fannie mae and freddie mac which are wards of the state and huge problems for the american taxpayer. didn't touch that at all. >> what would have been recommended? when we talk about what fannie and freddie do and a l...