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Biden, Obama and the Dems want to forgive loan prinicipal to deadbeats [Archive] - DVD Talk Forum
 
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View Full Version : Biden, Obama and the Dems want to forgive loan prinicipal to deadbeats


realist9350
10-03-08, 12:11 PM
Lost in the noise machine of "Palin is a bimbo" was the nugget last night from Biden that reveals the socialism that Obama will try to bring to America:

According to Joe Biden last night in the debate, he and Barack Obama support the idea that a judge can tell the bank to lower the amount you owe on your house. All you need to do is be a deadbeat who stops paying your mortgage bills and the Democrats will help you.

"Number two, with regard to bankruptcy now, Gwen, what we should be doing now -- and Barack Obama and I support it -- we should be allowing bankruptcy courts to be able to re-adjust not just the interest rate you're paying on your mortgage to be able to stay in your home, but be able to adjust the principal that you owe, the principal that you owe."


Don't expect the mainstream media to cover this...


ps: I tried to post the transcript link from CNN, but the forum rules won't allow it at this time. Can someone post the transcript link? The quote is right in there.

Groucho
10-03-08, 12:14 PM
There's already TWO debate threads, and TWO election threads you could have posted this in.

Red Dog
10-03-08, 12:15 PM
There's already TWO debate threads, and TWO election threads you could have posted this in.

Give him a break - it's his first post. ;)