1999: Fannie Mae Eases Credit To Aid Mortgage Lending?
http://query.nytimes.com/gst/fullpage.ht…
Think perhaps this is the reason for the sub prime mortgage mess? Or is it adjectives Bush's fault? Key points in article include:
1) Clinton rule pressuring Fannie May to lower minimum credit requirements to increase minority home ownership
2) This coincided with HUD investigating Fannie May for racial nouns in the systems used to determine the credit-worthiness of credit applicants.
Still wanna blame this whole mess on Bush? Just read the article. Its from the New York Times for crying distinctly!
Answers:
That and our successful lobbying of Mc$ame and the republicans to allow deregulation of banking and market making law. That is how we were able to create the derivitives that become the instruments the mortgage lenders traded with the banks. We consider it one of Bush's successes! We made BILLIONS!! ...Now stop beside the questions and go examine Fox news.
Perhaps the Democrats are prone to spend money at home unwisely. While the Republicans are prone to spend money out of the country on foreign adventures unwisely.
Either way USA is going to have huge foreign debts to pay cheque off. Because neither the Democrats nor the Republicans are good at managing taxpayer money all right.
Perhaps US voters need to choose a third way, lead by Ron Paul and those who support him.
Whatever the Democrats did it did not spin out of control as it has lower than Bush.
Bush has made it more than clear that the markets can do as they will and Cheney has pronounced that "deficits don't situation."
With this kind of mentality in the White House and throughout the country due to the brainwashing Rush Limbaugh and ilk hold done over the years about the invincible nature of US capitalism, the US set itself up for anticlimax.
Whatever Clinton, and even Carter, have proposed to make ownership easier it be done under a plan that required the careful regulation of it.
That be never the case with Jr & Co. who tolerate greed run wild like someone driving drunk after gulping down a six pack.
This is only one of the hard work by Congress to increase minority lending by creating the sub-prime mortgage mess.
Related Questions:
3 Year Arm is Up, Need Mortgage Refinance beside Poor Credit?
Three years ago, my parents got caught up within the sub-prime market and signed 2 mortgages, one with a 3 year arm and is an interest single loan. The 3 year arm is almost up and they were told by countrywide that...
Think perhaps this is the reason for the sub prime mortgage mess? Or is it adjectives Bush's fault? Key points in article include:
1) Clinton rule pressuring Fannie May to lower minimum credit requirements to increase minority home ownership
2) This coincided with HUD investigating Fannie May for racial nouns in the systems used to determine the credit-worthiness of credit applicants.
Still wanna blame this whole mess on Bush? Just read the article. Its from the New York Times for crying distinctly!
Answers:
That and our successful lobbying of Mc$ame and the republicans to allow deregulation of banking and market making law. That is how we were able to create the derivitives that become the instruments the mortgage lenders traded with the banks. We consider it one of Bush's successes! We made BILLIONS!! ...Now stop beside the questions and go examine Fox news.
Perhaps the Democrats are prone to spend money at home unwisely. While the Republicans are prone to spend money out of the country on foreign adventures unwisely.
Either way USA is going to have huge foreign debts to pay cheque off. Because neither the Democrats nor the Republicans are good at managing taxpayer money all right.
Perhaps US voters need to choose a third way, lead by Ron Paul and those who support him.
Whatever the Democrats did it did not spin out of control as it has lower than Bush.
Bush has made it more than clear that the markets can do as they will and Cheney has pronounced that "deficits don't situation."
With this kind of mentality in the White House and throughout the country due to the brainwashing Rush Limbaugh and ilk hold done over the years about the invincible nature of US capitalism, the US set itself up for anticlimax.
Whatever Clinton, and even Carter, have proposed to make ownership easier it be done under a plan that required the careful regulation of it.
That be never the case with Jr & Co. who tolerate greed run wild like someone driving drunk after gulping down a six pack.
This is only one of the hard work by Congress to increase minority lending by creating the sub-prime mortgage mess.
Related Questions:
3 Year Arm is Up, Need Mortgage Refinance beside Poor Credit?
Three years ago, my parents got caught up within the sub-prime market and signed 2 mortgages, one with a 3 year arm and is an interest single loan. The 3 year arm is almost up and they were told by countrywide that...