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Refusing to make loans to unqualified people isn't discrimination

To The Daily Sun,

The economy hasn't even fully recovered from the 2008 housing induced recession and Obama is already making the same, loud politically motivated noises that led us off the last cliff to economic destruction. Obama says, home ownership percentages are now at 25-year lows, while banks are making it too darn tough for people with little money and poor credit to qualify for a home, so let's loosen credit band wagon again. Of course his remarks are saturated in innuendo the "unqualified" are being discriminated against by mean banks.

The financially unqualified are now the heart and soul of the Democratic Party voting base, so this offers a great opportunity for political grand-standing. No one can spew drama, division and divisiveness like the great orator himself. It is impossible for a man like Barack Obama to consider businesses might simply making good lending decisions founded in logic. Nothing distresses the Democratic mind any more than than knowing someone, some where is making a profit.

These are the same housing discrimination allegations Democrats have been making since Ted Kennedy roamed earth. I can assure you it was never the banks or Wall Street's idea to loan to unqualified buyers. Those Harvard guys are simply smarter than that. But when government, underpinned by political motivation, began raising quota percentages regarding how many less-fortunate people (financially unqualified) had to be given a mortgage Wall Street got creative. They designed some of the most toxic and dangerous financial instruments ever seen. So complex it was hard to determine just how dangerous they were.

When government demands businesses shoot themselves in the head, making loans to financially unqualified borrowers, why would anyone wonder why Wall Street devised a bomb that would be hard to detect, and impossible to measure until it had exploded?

If you don't want another financial disaster in the exact image of 2008 we have to stop Democrats from screaming mortgage discrimination which is underpinned with one single purpose which is to buy elections, forcing banks to make loans to their voting base of unqualified people using a gun to their head from government.

Refusing to make loans to unqualified people isn't discrimination, it is common-sense lending. The same common sense logic that underpinned bank lending rules for the last 100 years. Banks demanded a 20 percent down payment. They always demanded it, they still want it. Making loans with less than 20 percent are high risk to both the lender and the borrower. Obama doesn't care the high risk of failure, because the American taxpayer bails out every Democratic boondoggle, asinine mistake.
It is government which wants unqualified people in homes they can't afford because it accomplishes their social agenda, while it wraps itself in screams of discrimination to accomplish it. Obama now channels Kennedy. It isn't toxic loans that are the problem, it is toxic, Democratic economic logic to win elections that bankrupts this country.

We just implemented Dodd-Frank that crammed down thousands of pages of rules and regulations on banks costing tens of billions. JP Morgan had to hire 1,000 new people just to comply with the new Dodd-Frank rules. That is insanity on steroids. Billions that consumers will pay every nickel of in higher bank fees and costs.

Those thousands of pages and billions in costs accomplish nothing compared to one sentence. "We will not make home loans to people who do not have at least a 20 percent down payment and a good employment history". We need to include those words in the Constitution. If we reduce the down payment number to 15 percent, Democrats will still scream discrimination. If we lower it to 10 percent they will still scream decimation because screaming the words discrimination and racism are the two most important words Democrats use to win elections. We have to stop idiots from using the treasury of the U.S. government to buy elections. That is what making loans to unqualified people is, because government backs 90 percent of every home mortgage written as taxpayers sit on the hooks for trillions with ever-poorer credit quality. Thank Democrats.

Tony Boutin
Gilford

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Thank you for your leadership of Belknap County Nursing Home

To The Daily Sun,

The following letter has been addressed to Belknap County Home Administrator Matthew Logue:

(This week) I visited my brother, Richard Thornton in the Belknap County Nursing Home. I've visited him multiple times, sometimes with Liz McKinley, his wife, sometime alone. At every visit, I've been impressed with how welcoming the facility is, how clean and bright everything is.

Most gratifying, however, is the consistently friendly attitude of the staff to visitors like me and their gracious and considerate manner toward my brother and the other residents. The words and actions of everybody, from health professionals to cleaning staff, from cafeteria workers to the people in social services, bespeak not only their innate humanity but also good training and dedication to their task, which is not always and easy one.

Richard used to be a brilliant teacher and an unbeatable verbal sparring partner. He can't do those things any more, but he's still a husband, father, grandfather, brother and my good friend. Richard can take his favorite seat near the staff entrance; he can walk around at night; he can get an extra glass of milk -- all seemingly small things that, together with the big things of daily care, add up to dignity.

I know enough about institutions to realize that success in work and faithfulness to mission don't happen by accident. Thank you for your leadership of the Belknap County Nursing Home and thank you to the staff that you have assembled.

Bro. Andrew Thornton
Saint Anselm Abbey
Manchester

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