According to a Martinez press release, the language merely “create[s] national licensing and oversight standards for residential mortgage originators.”
One of the standards, John Berlau of the Competitive Enterprise Institute says, may “require thousands of individuals working even tangentially in the mortgage and real estate industries — and not suspected of anything — to send their prints to the feds.”
This is a step in the wrong direction — at least for a nation that preserves freedom.
LINKS TO STORIES:
The Foundry
Playing Politics with the Global War on Terror
SENATORS MARTINEZ AND FEINSTEIN URGE CONGRESS TO PASS “SAFE” MORTGAGE LICENSING BILL
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Wait! I thought President Bush is the mad fascist that took away our civil rights and freedom of speech and privacy!! This bill is authored and supported by the liberals!??! NO WAY!!!
*ahem*
The far left are the freedom suppressors as this comes to prove once again.
-Andres
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