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Version).  Attack of the Ninjas  Have a comment on this article?
Share on Facebook!  Commentary by Carmen and Lloyd Multhauf
RISMEDIA, August 8, 2008-Over the past two years, we have seen a
pervasive and spreading economic turmoil that began with the
Attack of the NINJAS-loans made in spite of No Income and No Job
or Assets. It appears that the consequence of this turmoil has
developed into a desire to hibernate. We are reacting to the
NINJA attack like bears in winter-going into a protective cave
of inaction. How did this all come about?Federal encouragement
of homeownership has a long history that goes back to at least
World War II. In 1994, President Bill Clinton set a goal of
achieving a homeownership rate of 67.5% by the year 2000. Then
in 2002, President George W. Bush challenged the housing
industry to create 5.5 million new minority homeowners by 2010.
HUD was tasked with researchin