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To: Citizen Zed
Since Fannie Mae and Freddie Mac *CAUSED* the massive problem we are currently experiencing with foreclosed homes by creating mortgages for unqualified buyers, mostly in minority areas, then I really don't see why we should make a fuss about how they are running things now.

Had they been doing their jobs properly, many of those houses in question would not *BE* on the foreclosure list.

This is another thing that can be blamed on Bill Clinton and further back Jimmy Carter. If Carter hadn't created the Community Reinvestment Act, and if Bill Clinton hadn't insisted taking action on the racial disparities the act deliberately tabulated, then none of this would have happened in the first place.

People who couldn't afford mortgages wouldn't have gotten them, the financial collapse of 2008 wouldn't have happened, and probably stupid Barack wouldn't be President.

Jimmy Carter: A President so stupid his idiocy can reach out of the past and continue screwing things up in the present.

9 posted on 05/13/2015 1:52:47 PM PDT by DiogenesLamp
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To: DiogenesLamp
Had they been doing their jobs properly ...

They did their jobs "properly" as defined by their political overlords.

17 posted on 05/13/2015 2:45:57 PM PDT by Tax-chick ("He's not my prophet, he's just some dead bloke." ~ Mark Steyn)
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