[KCengineer]

Carter started it in 1977. Clinton put it on steroids in the late 90’s.

The CRA was the club to extort banks in lending to losers in the name of equality and fairness.

The Husock article is the most damning piece I have ever read.

There should be a march on Washington.

Liberal government and gutless Republican oversight has led to this mess.

[muawiyah]

This article focuses on how the process worked in working class neighborhoods. I want you to know it worked exactly the same way in middle and upper-middle-class neighborhoods, and as some Hollywood/Beverly Hills inhabitants can tell you, it worked the same way in neigborhoods filled with the "rich" and "very rich".

It's the process ~ not the folks who got the loans. The folks who walked away with all the money were the former owners.

If all the federales did was CANCEL all title transfers made over the last 4 years where a mortgage was involved, and then went back to the original owners to demand repayment, they'd probably nab 90% of the criminal minded greedballs.