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re: What Happen with the Sub-Prime Mortgage Crisis
Posted on 3/5/19 at 7:21 am to SlowFlowPro
Posted on 3/5/19 at 7:21 am to SlowFlowPro
quote:
Clinton got the ball rolling when he made Fannie Mae and Freddy Mac increase the percentage of sub prime loans taken in order to boost his minority housing initiatives.
Agreed. This misguided, liberal nonsense started it. Some idiots in academia convinced the democrats to push this.
Those 1990s democrats look like economic geniuses and "budget hawks" compared to today's bunch of leftists.
But all that is not to excuse the idiot "new homeowners" that bought $450,000 houses when their combined household income was $48,000.
This post was edited on 3/5/19 at 7:27 am
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