That was quite a post....though total bullshit
History for the laymen....in easy to understand language...
FACT 1:
The liberal Democrats over a period of time, strong armed lenders to give mortgages to unqualified borrowers....(not necessarily minorities)...
FACT 2:
Many of these mortgages covered up to 120% of costs associated with the transaction....that means the borrowers have absolutely nothing to lose if they defaulted...and evictions were not easy....
FACT 3:
The borrowers did not have to prove they had an income and could or would make an effort to make payments on any loans....
FACT 4:
Almost all of these mortgages were eventually bought up by Freddy and Fannie and Bush warnings that these companies were in danger were ignored
FACT 5:
The shit hit the fan and Democrats scampered for cover my ass excuses to deflect blame elsewhere...normal procedure as evidenced by Iraq War, "I was fooled by the baddies" excuse....or the infamous "it depends on what the meaning of is...is.."
History for the laymen....in easy to understand language...
FACT 1:
The liberal Democrats over a period of time, strong armed lenders to give mortgages to unqualified borrowers....(not necessarily minorities)...
FACT 2:
Many of these mortgages covered up to 120% of costs associated with the transaction....that means the borrowers have absolutely nothing to lose if they defaulted...and evictions were not easy....
FACT 3:
The borrowers did not have to prove they had an income and could or would make an effort to make payments on any loans....
FACT 4:
Almost all of these mortgages were eventually bought up by Freddy and Fannie and Bush warnings that these companies were in danger were ignored
FACT 5:
The shit hit the fan and Democrats scampered for cover my ass excuses to deflect blame elsewhere...normal procedure as evidenced by Iraq War, "I was fooled by the baddies" excuse....or the infamous "it depends on what the meaning of is...is.."