Posted on 04/12/2019 3:05:12 PM PDT by grundle
Alexandria Ocasio-Cortez recently blamed banks for the fact that Barack Obama forced them to give mortgages to people who were unable to pay them back.
When Obama was working as a “community organizer,” he filed lawsuits which forced banks to give mortgages to people with bad credit and low incomes. As a result, many of these people ended up defaulting on their mortgages. As their attorney, Obama collected $23,000 in legal fees for himself.
Then in April 2013, during Obama’s second term as President, the Washington Post reported that Obama was still pressuring banks
“to make home loans to people with weaker credit”
But Ocasio-Cortez didn’t blame Obama for the fact that Obama forced these banks to give mortgages to people who were unable to pay them back.
Instead, she blamed the banks for the fact that Obama forced the banks to give mortgages to people who were unable to pay them back.
Here are her exact words:
“In my district, I represent Rikers Island. I represent kids that go to jail for jumping a turnstile because they can’t afford a Metro card. Do you think that more folks should have gone to jail for their role in a financial crisis that led to 7.8 million foreclosures in the ten years between 2007 and 2016, Mr. Dimon?”
You can see her saying those words in this video: (Skip to 2:47)
https://www.youtube.com/watch?v=P0ywyVRNdMU
19% of mortgages awarded were not able to make the first payment. How could the banks lose??????
As Forrest Gump said, “Stupid is as stupid does.”
“At President Clinton’s direction, no fewer than 10 federal agencies issued a chilling ultimatum to banks and mortgage lenders to ease credit for lower-income minorities or face investigations for lending discrimination and suffer the related adverse publicity. They also were threatened with denial of access to the all-important secondary mortgage market and stiff fines, along with other penalties.”
I represent kids that go to jail for jumping a turnstile because they can’t afford a Metro card.
In the St Louis area they have MetroLink. Most people on the trains, don’t pay. At one time the rules said that juveniles who were caught riding without a ticket could not be arrested. Many of the area “youth” ride the MetroLink from their neighborhoods to prosperous malls where they can score more free stuff. Then the malls become less prosperous.
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I think it was Clinton. Around 1994.
Yeah but It think Carter??
Okay, got it. Thanks.
Wacadoodle...pole dancer...Wacadoodle...pole dancer...Wacadoodle...pole dancer...
Carter probably hatched it but BJ set it in motion.
You know the old expression, “dumber than a box of rocks”? She’s dumber than any of the rocks in the box.
She may be even dumber than Maxine Waters.
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