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To: Roccus
IIRC, severe penalties were in place for those institutions that did not meet certain quotas.

Show me a link where banks had to give out loans to a black family with bad credit....

235 posted on 09/17/2008 11:02:25 AM PDT by am452 (Pres Bush: Why more importance on protecting Georgias border than our own?)
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To: am452

Too hard to get around FR right now. I’ll bookmark it and get back to ya.


237 posted on 09/17/2008 11:04:40 AM PDT by Roccus (Some day it'll all make sense.......................maybe.)
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To: am452

Read and learn

http://www.villagevoice.com/2008-08-05/news/how-andrew-cuomo-gave-birth-to-the-crisis-at-fannie-mae-and-freddie-mac/


243 posted on 09/17/2008 11:10:48 AM PDT by Roccus (Some day it'll all make sense.......................maybe.)
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