Posted on 12/13/2008 4:11:17 PM PST by Leisler
Today's( Sunday ) Stamford Connecticut Advocate.
"A key figure in this scandal, Countrywide Financial, saw its low-income loan portfolio grow from $1 billion in 1992 to $80 billion in 1999, and to $600 billion in 2003. This was a result of a revision of lending regulations made in 1995 that effectively eliminated traditional income and down-payment requirements to encourage wider home ownership, particularly among minorities. In effect, it was an affirmative action program for the loan business."
"The senator did pay attention to Countrywide Financial and to Fannie Mae and Freddie Mac since he received more than $700,000 in loans at below-market rates from Countrywide. Fannie and Freddie also provided $165,400 in political contributions to Sen. Dodd, making him the No. 1 recipient of such funds, ahead of Barack Obama at No. 2 with $126,349."
http://www.stamfordadvocate.com/opinion/ci_11229435
My father worked for Ford about 41 years planning production (non-union)and eventually an executive at the plant in Indianapolis (it was called Visteon for awhile then reverted back to Ford). He would come home with the craziest stories about how the union guys would come into work drunk or high and if he were to give any of them write-ups, HE would be the one questioned. Even when drug testing became available, the union guys could not be tested. And when union members would hurt themselves on the job....when they were loaded...Ford would pay them off to get the union off their back.
Uhhh that just supports my position.
I second that!! Kill the unions. The South has risen to the occasion. YEEEEEEEEEEEEEEE HAAAAAAAAAAAAAAA!!!
Sure.
self ping for later read
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