I heard yesterday that the Fed.gov is once again promoting SubPrime Crime! No money down, no credit check, interest-only loans for the first 10 years to minorities, etc. Anyone able to confirm this?
The Community Reinvestment Act is still on the books. No one has removed it. The banks still have to comply.
I heard a Bahney Fwank interview snippet on Rush yesterday where he “claims” that the Freddie Mac mortgage stuff was intended for people who RENTED, not bought homes!!!
WHO PAYS A MORTGAGE FOR RENTING?!?!?!
So many suspicious leads to follow, so little time...
Looking forward to Rush, Sean’s and Dr. Levin’s take on this
murder...er, *insert air quotes*, “suicide”.