Just another example of feel good liberalism gone bad.....AGAIN. Liberals forced banks to modify their lending guidelines to get more minorities and low income people into home ownership. They even forced banks to identify the race and sex of all applicants so that they could punish them if they didn't "comply." Not loans based on credit worthiness, mind you, based on RACE. Banks had to relax their lending standards to comply. 100% mortgages, bad credit, interest only, no income verification or asset verification.......no stupidity was not embraced in order to comply. And Franklin Raines, Clinton- appointed former head of Fannie Mae, led the charge. Once the lending standards were relaxed, the feeding frenzy of greed and fraud began. And EVERYONE was at the trough. Banks, brokerage houses, hedge funds, mortgage brokers, loan officers AND borrowers.
On Sep 24, 10:46 am, Hollywood <[EMAIL PROTECTED]> wrote: > Gaar, > > Pay attention. Have not the Republicans been denying the housing > crisis during the time period described by Sean or NOT? > > What you claim they have been "calling for" is a seperate issue. As a > matter of fact, if the Republicans have been denying there was no > housing crisis while simultaneously "calling for reform" that would > pretty much make them liars and hypocrites, wouldn't it? > > On Sep 24, 12:20 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > > On Sep 23, 9:24 pm, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > > > > The Bush White House and Republican Congress DENIED > > > the housing crisis for 9 months! > > > Funny... > > > They have been calling for Reform since Bush became President. > > > Your ignorance on the matter notwithstanding.- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
