Hey, well lookie, lookie
It wasn’t the CRA or the poor blacks and hispanics that created the mortgage mess. Oh my, look, it was greed.
But don’t read the article, it may shed light on the bullshit you have been eating and force you to have to change your mind about blaming the poor people.
The emails show that the two government-backed mortgage companies were aware they were taking on more risk as the housing bubble peaked. But the companies pressed ahead with efforts to regain market share they had lost to Wall Street investment banks. They did so by buying loans and securities that increased their exposure to subprime mortgages, for people with weak credit records, and Alt-A mortgages, which typically spare borrowers from having to document their income and assets.
Fannie “has one of the weakest control processes I ever witness (sic) in my career,” Enrico Dallavecchia, then chief risk officer of the company, wrote in a July 2007
I know you think you’re cute, but you just helped my case against your fellow bloggers. Thanks.
I’m hot, not cute.
cute is for pudgy kids that dress like their pudgy daddy’s and walk hand in hand on their way to church on Sunday’s
PS.
your fellow bloggers
I’m peerless so don’t lump me together with the crazies out there
but you just helped my case against your fellow bloggers
Um, no.
You really need to read this stuff and not just repeat the talking points thrown at you.
And can I also ask, I thought you were supposed to be a businessman? How the heck do you get to be a businessman without a basic ability to follow the money? Are these numbers just too big for you or what?