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To: Beave Meister

What a twisted web. Obama was the national legal trainer for the Association of Community Organizations for Reform Now. They worked with HUD, Justice Department, Freddie and Fannie to pressure anks into making mortgage loans to unqualified, mostly minority people. Acorn would find and bring in the people as well as making the threats of racism if loans were not approved. They were so successful that over half (estimated 27 out of 55 million) of the mortgages in the US were sbprime. Some banks were working so hard to please the leftists in these administrations that they came up with a new class of loans called NINJA loans (No Income, No job or Assets). Obama was the pusher in the mortgage crisis.


7 posted on 07/08/2011 9:25:41 PM PDT by MtnClimber (Osama and Obama both have friends that bombed the Pentagon.)
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To: MtnClimber
I thought it was No Income ? No Job ? Approved !

LOL

9 posted on 07/08/2011 10:37:35 PM PDT by 1066AD
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