Monday, October 6, 2008

Scandals and more scandals

The Savings and Loan (Keating scandal) doesn't even begin to compare to the magnitude of the current Fannie Mae, Freddie Mac and Acorn scandal!

You have several minority organizations that have literally pushed Fannie Mae and Freddie Mac into collapse, by forcing lenders to lend to folks who had no jobs, no income and couldn't afford the mortgages they got into!!

This has been a massive fraud on our economy! No amount of *regulation* could have prevented what these organizations did to our economy! In fact good lending principals have been in place for eons - you need a job and adequate income to get a loan for a house!

Acorn and La Raza have stolen the American Dream - they took Hope and dashed it to the ground! and they did it all with a wink and a nod from the Congressional Black Caucus, Fannie Mae and Freddie Mac! Hope now is nothing more than whistling in the wind!