Posted on 07/21/2008 8:13:07 PM PDT by Kaslin
Thomas Sowell is a Conservative. So why should he?
Deval Patrick, now govenor of taxachusettes, while at DOJ (unconfirmed by Congress) put the squeeze on Banks to make high risk loans.
Been telling liberals about red lining for years. They just say” what is red lineing.
A shot across Obama's bows?
please add me to your ping list
Welcome higgmeister, you’re on.
>>where income and debts were fudged.
Income, Debts, and FICO scores.
>>From there, the banks sold off the loans as fast as they
>>could,
Hence the falsification of FICO scores I observed at Argent Mortgage (Ameriquest’s Wholesale arm).
Why? My guess is FICO score is the only number of interest for Asset backed securities composed of “Liar Loans”.
It was the aggregate FICO score the ratings agencies based their determination upon; and so FICO would make the difference between AAA and Junk status.
[Deval Patrick, now govenor of taxachusettes, while at DOJ (unconfirmed by Congress) put the squeeze on Banks to make high risk loans.]
Deval Patrick was on Ameriquest’s board of Directors.
http://www.google.com/search?hl=en&q=Deval+Patrick+Ameriquest+board+of+Directors.&btnG=Search
tnks!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.