Faun
Diamond Member
- Nov 14, 2011
- 123,597
- 78,295
- 2,635
You are painfully stupid. Cuomo admitted to more riskier loans being written. But as you were shown, those riskier loans accounts for only about 6% of the toxic loans which crashed the system. And if you're blaming Cuomo for pushing risky loans on minorities -- you throw Bush under the bus with him....
Bush Minority Homeownership Plan Rests Heavily on Fannie and Freddie
When President Bush announced his Minority Homeownership plans last week in Atlanta, his top priorities were new federal programs: a $2.4 billion tax credit to facilitate home purchases by lower-income first-time buyers, and a $200 million national downpayment grant fund.
But none of the new federal programs--if passed by Congress--will come even close to achieving the 5.5 million-household increase in minority homeownership the President set as his target.
Instead, most of the heavy lifting was assigned to two mortgage market players that have sometimes come under fire from Bush administration officials and Congressional Republicans: Fannie Mae and Freddie Mac.
Fannie's and Freddie's commitments are the bedrock core of the President's ambitious plans--but didn't get the headlines. Fannie Mae agreed to increase its already substantial lending efforts to minority families by targeting another $260 billion of mortgage purchases to them during the next nine years. Freddie Mac agreed to buy an additional $180 billion in minority-household home loans during the same period.
Ah yes, when rightards lose this fight, they drag out Barney Frank, as though one member of the minority party crashed the economy against the will of the majority party in both chambers of Congress.
Amazingly though, to this day, rightards have yet to produce a single bill calling for GSE reform that Barney Frank blocked.
Not one.
Thanks for the reminder that rightards are brain-dead imbeciles, vagisil!![]()
Why, the DemocRATs just did it with the majority Republican Congress! You're dumber than your fageral avatar!![]()
I actually believe you really are dumb enough to believe that.
And they did it without blocking any related bills sponsored by Republicans, right?
They did it using the force on Republicans, huh?
They did it with HELP from the feckless republicans!...Why do you think Trump has a 2 to 1 lead over everyone else that is a career politician?...Perhaps you're not smart enough to know the answer, I'll help a 2 digit IQ'd subversive...
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Holyfuck, you're retarded. But then, I'm saying that to the moron who posted an ireport thinking it was a CNN article.
![eusa_doh :eusa_doh: :eusa_doh:](/styles/smilies/eusa_doh.gif)
Again, the Democrat party didn't sponsor the bills which led to the collapse. Nor did they block any GSE reform measures in Congress. It's a pity you're incapable of comprehending anything but cartoons.