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Because the last time the government relaxed the lending standards it worked out so well, right?

Oh, right, Britnee Timberlake is too young to remember the S&L debacle. And she probably didn't bother to learn about it in Community Organizer School either.

From: UPATED: ESSEX COUNTY FREEHOLDERS ENCOURAGE LOW-INCOME FIRST-TIME HOMEBUYERS TO APPLY FOR $50,000 FEDERAL MORTGAGE DOWN PAYMENT ASSISTANCE

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