[Grampa Dave]

Actually, B of A bought out Country Wide.

Your son is apparently a good credit risk.

I posted yesterday that those of us with good credit ratings will be receiving great loan offers. This actually started this July and continues today and will continue.

The reality is over 90% of us are paying our mortgages on time, off our credit cards or on time and other debts. The non payers for the most part should have never gotten loans.

However for many deadbeagts the loans and now non payment were a form of reparations going back decades.

[Hanna548]

I knew Countrywide was sold, which is why I wonder how it can be makinng loans. Sell off all your toxic paper to the taxpayer, keep your mortgages that are good and go on as usual.

[Leisler]

One thing that started this was the 1992 Federal Reserve Bank of Boston's report on ‘redlining’, where local banks wouldn't lend to people with out jobs, in high crime, low collateral neighborhoods.

The Boston Fed Bank proposed like good little social planners and general all around Masters of the Universe that, basically, banks should be forced to lend.

This was in 1992.

The head of the Federal Reserve Bank of Boston was Richard Syron, long time Democrat donor.

Flash forward to today, 16 years later.

Richard Syron was fired a month ago as the head of Freddie Mac, where in two years he managed to pull down 20 million dollars in compensation.

Nice, eh?