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Cannonpointer
Yesterday 7:57 am
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98% Macho Man
98% Macho Man
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Skans » Today, 6:38 am » wrote:
Now, one other thing that did strain the banks and mortgaged backed securities were (mainly) existing home owners taking out 2nd loans on houses which had little equity and their financials would show they were only 2 payments away from filing for bankruptcy.  Stated loans or "no-doc" loans.  But, Freddie and Fannie weren't int he business of buying 2nd mortgages.  So, where this piled on the bigger problem caused by Clinton-Carter's CRA, was lenders doing "piggy-back" loans.  This is where some people would get a 1st and a 2nd mortgage to buy a house.  These were mostly investors, not ******.  ****** had access to other programs; whites did not. And, even though Freddie and Fannie didn't buy these **** 2nd mortgages, when people realized they bought and financed a pig-in-a-poke, they simply walked away from those investment houses and those loans.
Oh, I am VERY well aware that the crash was bipartisan. I just know what the **** I'm talking about.

Let's be super **** clear. I am not the one who is gaily and homosexually pretending that one party did it while the other struggled heroically to prevent them from doing it, medicare part-D-breath. 

The Repukes created ENTIRE NEW ENTITLEMENTS when they got control of the check book - including the American Dream Act which you just defended and Medicare Part D. 
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