There is nothing new here, but the story has yet to be told in a clear and convincing way to the public at large. Hopefully Rush, Hannity, and others will spend some time on it.
Trouble is, even though the groundwork was laid in the 90’s, much of this escalated while Bush was president and the GOP held the House and/or Senate.
To his credit, Bush did warn about this and there were some investigations into Fannie and Freddie which were labeled racist (I recall a highly circulated video clip of a highly agitated Maxine Waters bristling that anyone would dare tarnish the reputation of the Franklin Raines). Conyers was similarly incensed, if I remember correctly.
At the mention of racism, the GOP tucked its tail beneath its legs and skulked away.
If the GOP tries to make this a big issue, the counter will be why didn’t Bush do anything about it and that counter would have validity, IMO.
The issue does bear mention in the correct context and if it is suspected there has been criminal activity, the GOP shouldn’t back away from bringing that to light. Not that it would go anywhere with Holder.
I don’t care if they are Republican or Democrats. People should be in jail right now. This was the greatest swindle in the history of the world. The statute of limitations is 5 years... the clock is ticking.
I agree, Bush celebrated minority home ownership but he did warn about what was happening. History will judge what happened and let the chips fall where they will. What Johnson, Raines, Gorelick, and their congressional co-conspirators did was fraud by any definition. It needs to be investigated! Did the government sue Johnson, Raines, Gorelick, and Co. to recover the fraudulently obtained bonuses? If not, why?