Here's what this means:
Obama wants HUD and Fannie/Freddie to "enforce" "fair housing rules" and deny mortgage applications to (WHITE) people based on their race, and approve (BLACK) people based on their race.
They're trying to FORCE integration. If the Federal Government thinks there's too many WHITE people living in a neighborhood, HUD, Fannie/Freddie will REFUSE to loan money to, or buy the loans of those banks who wrote the loans of homes sold to WHITE people.
Fannie/Freddie will then be directed to REFUSE to purchase the loan from the bank. The bank that originates, approves the loan, and disburses funds to buy a home to a WHITE couple that the Federal Government did not want the home to be sold to because they wanted the bank to sell to a BLACK couple, will then be financially penalized as a result. After so many "penalties" (to be determined by the Fed's of course...) a Bank originating too many home mortgages to WHITE couples and not BLACK couples risks further penalties, up to and including being taken over by the Government.
Imma gonna tell you right now: this scum' bitch ain't leaving come January 2017. I think the country knows it, and that's why so many guns and ammo were sold on black friday.
War against this corrupt, evil, government and the a**hole sitting at the top of it is coming.
that is BAD news waiting to happen
Thanks for the clear summary. Now I understand.
Hey, Cass Sustein had a long time to dream this stuff up.