Is there a link to a story (or stories) on FR about the history of the mortgage mess/ Like stories of the Clinton DOJ forcing banks to make these loans; or any links to the youtube videos about the hearings?
Thanks.
I’d say search via keywords, probably bubble, housingbubble, mortgage, etc. There are a wealth of articles here warning of the inevitable disaster going back to 2004 at least.
Here is a start. Lots of stuff out there.
The Community Reinvestment Act and the expansion of it in the mid-90s that is the root cause of this problem. Why is no one talking about this? The CRA forces banks to find clever ways to lend money to people who can not afford to pay it back.
Beth A. Wilkinson also served as Fannie Mae’s executive vice president, general counsel and corporate secretary from February 2006 until September 2008. She resigned her position at Fannie Mae along with three other senior executives on September 19, 2008.
Beth A. Wilkinson is married David Gregory; he is the host of Race for the White House on MSNBC. Any surprise that David Gregory and his media friends are silent on this massive fraud where his wife made millions of dollars?
http://www.nypost.com/seven/10012008/gossip/pagesix/awkward_links_131451.htm
Mistress of Disaster: Jamie Gorelick
Imagine playing a central role in the biggest national defense disaster in 50 years. Imagine playing a central role in one of the biggest economic disasters in your country’s history. Imagine doing both as an un-elected official. Imagine getting filthy rich in the process, and even being allowed to sit self-righteously on a commission appointed to get to the bottom of the first disaster, which of course did not get to the bottom of that disaster or anything else for that matter.
Imagine ending, ruining or at least causing signficant quality deterioration in the lives of millions of people, most of whom will never know your name.
http://www.americanthinker.com/2008/09/mistress_of_disaster_jamie_gor.html