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To: cradle of freedom

I think Barry wants to get his homies into every politically important place in the country, even if that means luring them with free housing. There’s also a special mortgage program for non-citizens that he just put into effect - it doesn’t require an SS number on any of the documents, but only a bank account number. Incredible.


47 posted on 08/12/2010 3:33:36 PM PDT by livius
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To: livius

That mortgage program has been in place since Clinton which is why we have a real estate/banking collapse. These subprime mortgage loans where given to illegal aliens using the TIN (tax identity number), people on welfare, people collecting unemployment checks, no down payment necessary. If you want to read what this did to the banks read “The Trillion Dollar Meltdown” by Charles R. Morris. The banks had a name for these loans “toxic waste”. They tried to minimize the damage by chopping up mortgages and combining them with other mortgages in “tranches”. The bad mortgages were sold all around the world. If someone had deliberately wanted to take down the world economy (think Cloward-Piven) they couldn’t have done a better job. All because the Democrats under Clinton thought that anyone with a pulse should be able to own a home.


49 posted on 08/12/2010 5:50:30 PM PDT by cradle of freedom (Long live the Republic !)
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