Post Tagged with: "subprime loans"

September 5, 2012 09:32

Obama sued banks to give subprime loans to Chicago’s African-Americans

Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.

August 17, 2012 09:19

Banks Fight Back Vs. Holder’s Race-Bias ‘Witch Hunt’

Attorney General Eric Holder and his army of civil-rights prosecutors have built their cases around dubious statistical models instead of complaints from actual victims of discrimination. – IBD

January 9, 2012 10:53

Blowing Bubbles: Getting Ready for the Next Bust

Last September the Federal Housing Finance Agency, which oversees Fannie and Freddie, announced it was suing the nation’s 17 largest banks—some of which the government had recently bailed out—for selling risky mortgages to the two GSEs. Yet just two months before, the Department of Justice “requested” that a number of banks lower lending standards for minorities with poor credit ratings, threatening them with discrimination charges if they failed to comply. – The Freeman

October 13, 2011 17:22

Bachmann’s right – It’s The CRA, Stupid!

“If you look at the problem with the economic meltdown, you can trace it right back to the federal government,” she said. “It was the federal government that pushed the subprime loans. It was the federal government that pushed the Community Reinvestment Act.”

October 12, 2011 05:26

Democrats Covering up Fannie Mae, Freddie Mac Scam that caused Economic Crisis

At a 2004 hearing see Democrat after Democrat covering up and attacking the proposed regulations on protect Fannie Mae and Freddie Mac (their Cash Cows) that destroyed our economy while Obama buddy Franklin Rains looted Fannie. These people should go to jail.

June 16, 2011 07:27

Housing crash exceeds Great Depression

Using mortgages as a welfare program turned out to be long-lasting poison. [R]ather than the much-noted “double dip,” the housing crisis is actually in an alarmingly steady, though masked, free fall. – IBD

March 8, 2011 09:31

Fannie, Freddie, and the Subprime Mortgage Market

What is generally agreed is that subprime mortgages disproportionately contributed both to the severity of the crisis and to the size of losses imposed upon the taxpayer.

January 28, 2011 17:44

Democrats cover up government fault in financial crisis report

[T]he U.S. government’s housing policies were the major contributor to the financial crisis of 2008. These policies fostered the development of a massive housing bubble between 1997 and 2007 and the creation of 27 million subprime and Alt-A loans, many of which were ready to default as soon as the housing bubble began to deflate.

November 11, 2010 16:33

Former Fannie Mae Insider on Housing Reform

Edward Pinto of the American Enterprise Institute on why he believes Fannie Mae and Freddie Mac should be wound down.

November 4, 2010 07:01

Housing market ruined by leftist good intentions

Policy Backfire: Washington has pushed hard since the 1990s to increase homeownership. And what did we get for the effort? Homeownership in America is now at its lowest point in this century.