This all started in the Clinton years and the CRA for primarily low income home buyers -- Otherwise known as unqualified buyers. The Clinton and Democrat obsession with doing away with the nonexistent process of 'redlining' was driving the push. The sub-prime loans were packaged and shipped off to Fannie and Freddie and others. ACORN, who was pushing this practice on all fronts, was street agitator Obama's employer -- Obama was one of the lawyers who represented ACORN in forcing more sub-prime loans. The threats to banks and others who wouldn't take the sub-prime loans on continued. All was fine since FANNIE and FREDDIE were backing up the paper.
And then ...
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