I guess it's true when they say there's nothing new under the sun but still, it's pretty sad when Presidential hopefuls can only trot out innovative ideas created in 1938 to buy votes.
Although, it might behoove her to pick up a history book and see just how successful this Fannie Mae Freddie Mac program really was for certain people on Wall Street. Well at least until the rest of the country eventually got the privilege of paying off these bad loan debts that the program created just to keep the country afloat.
$1:
Harris vowed to 'remove the barriers' that Black Americans face when trying to qualify for a home loan.
I'm sorry but it's not just "black" people who have barriers to home ownership. It's everyone who has issues with income, equity, credit score, credit ranking and all those other pesky things that are currently preventing unqualified people from floating loans of hundreds of thousands of dollars.
So, she'd be much better off trying to implement a program that got these black people jobs and opportunities so they could qualify for loans rather than giving them low interest, gov't backed loans so they and their mortage brokers can turn some future date right back into 2008.
But, I do like her woke take on an old idea. I'm sure that by confining these loans to black people and excluding poor white people the program is bound to be a resounding success.
