Unintended fallout of loan crisis
By Richard L. Cravatts | Saturday, July 26, 3008 | The Boston Globe
“…As the implosion of the $1.3 trillion subprime mortgage crisis threatened even government-sponsored Freddie Mac and Fannie Mae, lawmakers and housing advocates were busy looking for culprits, accusing mortgage companies and banks of ‘predatory lending’ practices, often on the backs of vulnerable minority families in inner-city and working class neighborhoods. The irony of this should not escape the notice of many in the nonprofit housing sector whose own efforts have contributed to a crisis that will potentially victimize thousands of the borrowers affordable housing activists sought to help….”…BS
This entry was posted on Saturday, July 26th, 2008 at 5:33 AM and filed under Economics, History, Politics, Race. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.
One Response to “Unintended fallout of loan crisis”
Leave a Reply
You must be logged in to post a comment.
DO U REALLY THINK THE COLLAPSE WAS “UNINTENDED”???
WHAT BETTER WAY THAN TO CREATE ANOTHER 911 & CREATE ECONOMIC COLLAPSE FEAR IN THE MASSES… THEN THE MASSES TURN FOR THE WOLF…oops I mean SAVIOR TO SAVE US>>>>> do u really think all of the wars & plagues are natural….
or r they being orchestrated by the top 2% of the PUPPET MASTERS OF MONEY & POLITICAL POWER?
Posted on 26-Jul-08 at 1:26 pm | Permalink