BULLSHIT!
Alice Rivlin and her fellow CLINTON Administration minions built the Mortage House that has collapsed.
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Alice Rivlin Espertise per the Brookings Istitution:
Protecting consumers from predatory lenders need not be complicated. Back when we did housing finance right, long-term fixed rate loans with moderate down payments financed high rates of home ownership. Secondary markets spread risk and brought capital into the housing market. Government agencies could give low-cost guarantees, because most Americans paid on time.
I for one, am sick of this constant slant meant to “show” tat minorities of liberal choosing, the victim of the week, have ANY sort of monopoly on poverty. They do not, and never have had.
bttt