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Who's to blame http://youtu.be/ivmL-lXNy64

tonyynot 2011/05/26 03:29:11
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  • Arty 2011/05/26 17:57:22
  • Katherine 2011/05/26 06:10:17
    All Democrats
    Katherine
    +1
    There's debate whether Hillary Clinton is apart of the DSA, card carrying communist, progressive, or just a democrat.


    So did he just say they forced banks to lend out to, by their estimation, 15000 unqualified applicants, based on their race, knowing that there will be higher default rates because of their decision to give risky loans?
  • tonyynot Katherine 2011/05/26 19:40:47
    tonyynot
    +1
    Yes! he did
  • Katherine tonyynot 2011/05/26 19:45:56
    Katherine
    Just had to check, because I can't believe my ears.
  • LesWaggoner BN 1 2011/05/26 04:17:52
    Liberal Democrats
    LesWaggoner BN 1
    Talk about a one sided poll. BOTH parties are complicit in the housing meltdown.

    The video doesn't mention the other 95% of the mortgage lending issues that ended up in the financial crisis that occurred after 2001.

    A huge influx of cash from into the privacte mortgage industry by investors fleeing the tech meltdown prodded the private mortgage to "keep the money turning". Private lenders started writing mortgages that they knew would fail over time.

    Administration policies of laissez faire allowed these mortgages to be written without oversight with the only restriction being that they not fall into foreclosure before the HUD two year window.

    I bailed out of the real estate business in 2002 as I watched the private lenders offering mortgages to my clients that they knew would go into foreclosure within five years. I was advising my clients not to accept the mortgages.
  • tonyynot LesWagg... 2011/05/26 05:07:49
    tonyynot
    +1
    are u a friend of barnie google frank?
  • LesWagg... tonyynot 2011/05/26 05:57:56
    LesWaggoner BN 1
    Do a little research.
  • wolfshadow 2011/05/26 03:55:32
    All Democrats
    wolfshadow
    +2
    Wait.... you mean we can't blame Bush anymore...

    The Horrors....
  • Bob DiN 2011/05/26 03:41:53
    Liberal Democrats
    Bob DiN
    +1
    Nothing more evil than a liberal.
  • CUDDLY BUT STILL CRABBY 2011/05/26 03:34:50
    All Democrats
    CUDDLY BUT STILL CRABBY
    +3
    Without a doubt.

    But defended in earnest by the moonbats on the left.

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