CFPB Tells Banks Not To Investigate Welfare Recipients Applying For Loans

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• Of course this will go down the toilet. Any moron knows that. But the best part for the Commucrats is that they will blame it on the Tea Party, the media whores will parrot that line, and the stupid ass voters will swallow it. Goober is right.

• I am onSSDI for . Another year orso, then it gets calledregular Social Security. I can barely get approved for a rental, much less a home l poo an. At $1000 a month, howcan they afford a car payment? Let alone a home mortgage. Setting everyone up for failure. Again.. Then blame it on Republicans.

  • It's because you aren't getting welfare. If you were, and had 16 screaming brats, by 22 fathers, you would be able to afford to buy an apartment house, courtesy of the taxpayers that can't afford to buy a mobile home.

• Ah those who fail to LEARN from History are doomed to repeat it....Insanity it is....Lets do the same thing again and again and not learn from the failures....WE are living in the land of retards who just happen to running the country.....

• Harrison Bergeron unavailable for comment.

  • Had to look that one up. What, no equality of outcome and everyone gets a trophy? Have to check it out (literally, my libarry has an Ebook copy)

    http://www.amazon.com/Welcome-Monkey-House-Kurt-Vonnegut/dp/0385333501

• The return of the Ninja loan - no income, no job, no assets. But it will work out okay this time because...uh...because...um...I'll have to get back to you on that.

• Oh joy, here we go again. Lets sit back and watch as the government mandates who can get a no down payment loan, simply because it worked so well last time. (Not)

• The CFPB is beginning to make my professional life miserable. To suggest that this new agency is only marginally racist in the sense of low expectations is to vastly understate the inherent racism in its conception. Basically, it assumes that everybody but Asians and whites are too stupid to negotiate a loan. If the CFPB decides a bank used unfair lending practices, it will be heavily fined. Facts of the offending loan are irrelevant. End result of this, of course, will be minorities will have a difficult time getting credit since the risk of extending credit is outweighed by actually writing the loan. There are lots of ways to TD a loan application.

• Wait... It's hard for me to get a home loan since for most of my adult life I've paid for things with cash or a debit card. Even though I never missed a payment, have a well paying job, and can afford a 20% down payment no credit history means no loan. But some crackhead who scraped a few dollars together and uses food stamps gets auto approved?

  That's messed up.

• I guess that means nothing was learned from the last fiasco. Well, other than the fact that it really screws up the economy.