[M-cubed]

I'm gonna call that bullshit!....IT WAS CONGRESS that told the banks they WOULD loan to to the “Red-lined areas”......Banks said NO WAY! ...LOL
CONGRESS SAID...We'll cover u with Fannie and Freddie...

BANKS SAID....HELL YESS,,,THATS A NO LOSE PROPESITION!!

Guess Who's on the hook for Fannie and Freddie?? YOU AND ME....Do your own DD!

[BiggieLittle]

I’m familiar with the real estate markets in both Las Vegas and the Tampa area as well as NY. The foreclosures are not confined to “redlined” areas. The majority are in middle class and wealthy areas.Google “Lake Las Vegas”. It’s a wealthy enclave with six figure and over price tags on homes that’s slowly turning into a ghost town.
You really believe that the foreclosures are occurring in the poor part of town only? You got to be kidding. In fact you have to know that’s not true.