- Joined
- January 6, 2011
- Messages
- 66
Back in 1999:
http://articles.latimes.com/1999/may/31/news/mn-42807/3
http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html
Short timeline summary:
- Dimocraps in the federal government strongarm lending institutions to increase mortgages to hispanics and blacks who would otherwise not qualify for large amounts of credit.
- Dimocraps in the federal government use their pet GSEs Fannie and Freddie to help further this obvious pandering to their voting base.
Time passes…
- People unworthy of credit in the first place begin to miss payments and default thereby leading to the mortgage meltdown followed by the financial crisis from institutions who purchased worthless securitized mortgages.
And now current day…
http://www.businessweek.com/magazine/content/11_20/b4228031594062.htm
Maggot Dimocraps are back at strongarming lending institutions.
http://articles.latimes.com/1999/may/31/news/mn-42807/3
http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html
Short timeline summary:
- Dimocraps in the federal government strongarm lending institutions to increase mortgages to hispanics and blacks who would otherwise not qualify for large amounts of credit.
- Dimocraps in the federal government use their pet GSEs Fannie and Freddie to help further this obvious pandering to their voting base.
Time passes…
- People unworthy of credit in the first place begin to miss payments and default thereby leading to the mortgage meltdown followed by the financial crisis from institutions who purchased worthless securitized mortgages.
And now current day…
http://www.businessweek.com/magazine/content/11_20/b4228031594062.htm
Maggot Dimocraps are back at strongarming lending institutions.
- Joined
- Jan 6, 2011
- Messages
- 66