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To: expat_panama

it’s true.
Clinton forced banks to loan to low income and minorities as he thought that home owners made better citizens.
Problem is banks loaned money to folks who could NEVER pay off said mortgages.


4 posted on 07/16/2015 5:17:48 AM PDT by Joe Boucher ( Obammy is a lie, a mooselimb and pond scum.)
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To: Joe Boucher
...banks loaned money to folks who could NEVER pay...

Mean old banks, they used the fact that the gov't threatened to confiscate their assets and jail everyone as an excuse to loosen loan requirements.  The recession's all their fault so let's prosecute them.

6 posted on 07/16/2015 5:28:24 AM PDT by expat_panama
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