RUSH: Carol in Olympia, Washington. Welcome to the EIB Network. Nice to have you here.
CALLER: Thanks, and mega dittos, Rush —
RUSH: Thank you.
CALLER: — from a truly reformed Democrat. I am an escrow officer, and I close purchases and mortgage loans, and the government is now telling us that the banks, the private sector banks are not allowed to do no-down-payment loans anymore, that a person has to come in with a certain amount because that’s what the evil banks have been doing, but the government is doing those loans. They’re called RDA loans, rural development. In our county — I’m actually south of Olympia — is all considered rural, and so people come in, and they are low-income loans, they can buy a house with absolutely no skin in the game, as they say, and sometimes they get money back, and they have subsidized payments over their life of the loan —
RUSH: So essentially the affordable housing scam is still going full speed ahead?
CALLER: Oh, sure it is, oh, sure it is and they’re not talking about that too much —
RUSH: No of course. So you cannot make no money down loans at your bank?
CALLER: And I’m not a lender, I am an escrow officer. I close them.
CALLER: But, no, a bank could not, you’re correct.
RUSH: Yeah. But the government can?
CALLER: Yes, the government can.
RUSH: Well, now, where are you gonna go, if you are a rural Democrat American, and you want to buy a house, and the private sector bank in your town will not lend you any money because they’re not allowed, makes you hate the bank, ‘They don’t trust me,’ you go to Obama, you go to the regime’s bank and they give you this loan and you forever are grateful.
CALLER: It comes from the Obama stash, you know.
RUSH: Yeah, comes from Obama’s stash.
CALLER: That’s correct.
RUSH: We laugh.
CALLER: And then they subsidize the payments as well.
RUSH: Oh, of course.
RUSH: Oh, yeah, subsidize the payments. That’s the whole point. It’s not fair that some people shouldn’t be able to have a house.
CALLER: That’s correct and these are not — you know, I just closed one recently, and it was not a cheap house. It was reasonable for our county, it was a reasonably priced house, so, you know, it was pretty nice.
RUSH: Well, I’m glad you called and reported this. Thank you very much, Carol.
CALLER: Somebody’s gotta keep ’em honest, you know?
RUSH: No, that’s not possible.
CALLER: You’re doing your best, Rush, and we appreciate it.
RUSH: Keep the focus on their dishonesty and their tactics and so forth is all we can do. But I’m glad you called.