Posted on 12/08/2011 6:34:35 AM PST by Wolfie
This is the same liberal SeeBS that had a 60 Minutes program in the ‘90s about the evil banks “redlining” certain areas so that The Poor could not buy homes.
Naturally, the Cliintoons hopped right on to that bandwagon and passed legislation that enabled The Poor to buy homes with no down payment and no employment.
“60 Minutes” should also share in the blame for the housing crash because they helped get the ball rolling.
1.
Correction: Mozilo will not die in prison, something else will happen to him because:
“Obama’s Justice Department Lets Mozilo of Countrywide Notoriety Skate.”February 20, 2011
Holder saves himself the trouble of writing at least one Pardon letter for Obama. Mozilo must have a super packet of “TO BE OPENED IN CASE OF MY DEATH” info.
This is why orignal wet ink documents are required in some states and MUST be required in the rest.
cut and paste is criminal.
Where are the AGs? Florida’s is a HUGE dissapointment to the point of complicity.
State AG’s might get on it, but the Feds certainly won’t. Seek out the 60 minutes piece on the web. The Justice Dept. head wasn’t even interested in talking to the people like Aileen Foster. “They should call us”, were his exact words.
This was their plan all along.. give the homes to people that cannot afford them, then let the taxpayers bail them out in the end. It’s a Progressive “redistribution” plan from the get go and the ones who “have it” will soon “not” because of the socialists running this country (who are all getting rich off of it, btw).
Disgusting.
Blago may believe that, but Zer0 is more likely to leave hem stuffed under the bus. It’s the way of the 0ne.
I have seen more than one brokerage use rapid rescore to qualify the unqualified for a mortgage than give the grateful borrower a rate several points higher than that for which they would qualify after the Rapid Rescore, thereby taking those several points (1% of the total loan) on the back end for the broker
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The MSM did many reports about the housing bubble. What they did not report about was the systematic fraud in Freddie and Fannie and mortgage credit fraud.
The MSM consistently lied about that.
That is what I was wondering when I clicked on this thread and yes, she was very impressive.
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