``Families dealing with the pain of a foreclosure should not have the double whammy of a large tax bill for terminating their mortgage through no fault of their own,'' said Rangel, 77.
Charlie Rangel is an ASS. He was crowing about how great it was when the home ownership rate in this country moved into the high 70% range not too long ago. Now, when it is discovered that a lot of these people borrowed heavily and wrecklessly to buy their homes it is a problem. Yes, there were some slime balls in the mortage and real estate businesses that took advantage of certain folks and they should be dealt with harshly. However, a lot of these home owners never should have been home owners as they didn't have the means to qualify. I am all for helping people in need, but most of these folks were simply greedy and they took on a lot of personal risk to satisfy their greed.
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