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To: Rockingham
WHO mandated sub prime mortgages?
WHO invented sub prime mortgages?
WHO took lenders to court for not making enough sub prime mortgages?
Who protested at banks who did not make sub prime mortgages?

ACORN and Obama and Barney Frank and Chris Dodd, Thats WHO!

42 posted on 03/18/2009 1:55:26 PM PDT by Kansas58
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To: Kansas58

All of that is true. And the subprime folly was expanded to catastrophic proportions by issuing mortgage backed securities, with the purchasers induced by blue chip ratings and credit default swaps from AIG. And the bonuses paid to the architects of that multitrillion dollars disaster were protected due to legislation initiated by Geithener and Obama.


43 posted on 03/18/2009 2:14:50 PM PDT by Rockingham
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