Another Republican-"Absolute" DEEP-SIXED!!

[Yo Daddy!!]

Efforts to increase home ownership among blacks motivated politicians to pass the Community Reinvestment Modernization Act of 2000 which essentially rewrote standards on credit requirements for home mortgage lending. That well-intentioned plan ended up causing the worldwide financial collapse of 2008.

And I'm certain a young Chicago attorney working for a non profit in the 1990s helped apply pressure to local mortgage lenders to relax their loan standards to achieve greater Black home ownership and eventually the loan underwriting standards led to the same outcome, Mark.

 

[mark francis]

And I'm certain a young Chicago attorney working for a non profit in the 1990s helped apply pressure to local mortgage lenders to relax their loan standards to achieve greater Black home ownership and eventually the loan underwriting standards led to the same outcome, Mark.

When Obama was working for Bill Ayers and ACORN he did petition the Clinton White House to do something to increase home ownership among blacks. The popular narrative among the deluded Democrat poor of those days was that banks were racist and mortgage applications among blacks were more often rejected because of the color of their skin than for other issues like credit ratings.

Clinton Housing Policy Wrecked Economy, Not 1% | Investor's Business Daily (investors.com) 4-15-15

 

[Yo Daddy!!]

When Obama was working for Bill Ayers and ACORN he did petition the Clinton White House to do something to increase home ownership among blacks. The popular narrative among the deluded Democrat poor of those days was that banks were racist and mortgage applications among blacks were more often rejected because of the color of their skin than for other issues like credit ratings.

Clinton Housing Policy Wrecked Economy, Not 1% | Investor's Business Daily (investors.com) 4-15-15

Great substantiation!

 

[Phoenix68]

And I'm certain a young Chicago attorney working for a non profit in the 1990s helped apply pressure to local mortgage lenders to relax their loan standards to achieve greater Black home ownership and eventually the loan underwriting standards led to the same outcome, Mark.

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Riiiiight....certain.
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See: 4:45 thru 12:00
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[Phoenix68]

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Money, Power and Wall Street
April 24, 2012
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[mark francis]

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View attachment 8638
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Riiiiight....certain.
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See: 4:45 thru 12:00
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This is right. The drive to increase black home ownership in late 2000 spurred Congress to deregulate mortgage banking and release the brakes on speculative banking instruments like derivatives and credit default swaps and allowed the bundling of risky mortgages into mortgage-backed securities, and the stage was set for the worst mortgage banking disaster in world history.

 

[Boris Norris]

This is right. The drive to increase black home ownership in late 2000 spurred Congress to deregulate mortgage banking and release the brakes on speculative banking instruments like derivatives and credit default swaps and allowed the bundling of risky mortgages into mortgage-backed securities, and the stage was set for the worst mortgage banking disaster in world history.

That was a republican Congress and their wisdom was faulty.
Then when the arse fell out of it, suddenly the blame was on Obama. How coincidental.

 

[Yo Daddy!!]

That was a republican Congress and their wisdom was faulty.
Then when the arse fell out of it, suddenly the blame was on Obama. How coincidental.

You are being intentionally deceptive.

 

[Phoenix68]

This is right. The drive to increase black home ownership in late 2000.....

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....Was the result o' Phil Gramm's hu$tle!!
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McCain Guru Linked To Subprime Crisis!!!!
March 28, 2008
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.​

 

[mark francis]

That was a republican Congress and their wisdom was faulty.
Then when the arse fell out of it, suddenly the blame was on Obama. How coincidental.

No. The blame started with Democrats of the last century, advocating for lending standards to be lowered for blacks so Democrats would not falsely accuse those lending intuitions of racism.

ACORN - InfluenceWatch - InfluenceWatch
ACORN

Heyday Years
By 1980, ACORN had offices in 20 states and 30,000 members. 8 Throughout the 1980s and 1990s, the organization began to expand its scope and focus on national issues, and its offices throughout the country led marches, protests, and reform efforts targeted at local and state issues impacting the poor. 9

REAGAN ERA

Opposing the presidency of Ronald Reagan was ACORN’s top priority in the 1980s. In 35 cities, the organization established “Reagan Ranches,” tent cities containing hundreds of activists who protested Reagan’s economic policies. For the 1984 Republican National Convention in Dallas, ACORN built a tent city for 15,000 demonstrators. ACORN also launched campaigns to mobilize homeless citizens (who had increased in number after the 1982 recession) to illegally occupy foreclosed vacant homes. 1011

By 1986, ACORN claimed 70,000 members in 28 states. 12 That year, it established the ACORN Housing Corporation to assist low-income individuals in purchasing their first home. ACORN claimed to have assisted 45,000 families in acquiring houses. 13

 

[Yo Daddy!!]

No. The blame started with Democrats of the last century, advocating for lending standards to be lowered for blacks so Democrats would not falsely accuse those lending intuitions of racism.

ACORN - InfluenceWatch - InfluenceWatch
ACORN

Heyday Years
By 1980, ACORN had offices in 20 states and 30,000 members. 8 Throughout the 1980s and 1990s, the organization began to expand its scope and focus on national issues, and its offices throughout the country led marches, protests, and reform efforts targeted at local and state issues impacting the poor. 9

REAGAN ERA

Opposing the presidency of Ronald Reagan was ACORN’s top priority in the 1980s. In 35 cities, the organization established “Reagan Ranches,” tent cities containing hundreds of activists who protested Reagan’s economic policies. For the 1984 Republican National Convention in Dallas, ACORN built a tent city for 15,000 demonstrators. ACORN also launched campaigns to mobilize homeless citizens (who had increased in number after the 1982 recession) to illegally occupy foreclosed vacant homes. 1011

By 1986, ACORN claimed 70,000 members in 28 states. 12 That year, it established the ACORN Housing Corporation to assist low-income individuals in purchasing their first home. ACORN claimed to have assisted 45,000 families in acquiring houses. 13

The Obama loyalists may have scrubbed the WWW to remove the write ups documenting BHO's involvement in setting the stage for the meltdown, if not actually triggering the global economic crisis!

 

[pjmret]

The Obama loyalists may have scrubbed the WWW to remove the write ups documenting BHO's involvement in setting the stage for the meltdown, if not actually triggering the global economic crisis!

Lol as if you can possibly scrub the 8nternet lol
You truly are clueless

 

[Yo Daddy!!]

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View attachment 8647
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....Was the result o' Phil Gramm's hu$tle!!
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McCain Guru Linked To Subprime Crisis!!!!
March 28, 2008
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View attachment 8648
.​

You are some kind of patriot.
NOT.

 

[Yo Daddy!!]

That was a republican Congress and their wisdom was faulty.
Then when the arse fell out of it, suddenly the blame was on Obama. How coincidental.

So, are you saying you agree that the switch to Trump was the best thing for America in getting rid of the Republicans in Name Only (RINO's) in Congress?

 

[mark francis]

The Obama loyalists may have scrubbed the WWW to remove the write ups documenting BHO's involvement in setting the stage for the meltdown, if not actually triggering the global economic crisis!

A great deal of info has been wiped from the public record to protect Democrats who have contributed to serious troubles and hardships faced by poor Americans at the leading edge of the disasters.