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Monday, December 14, 2009
Big surprise. Govt enabled foreclosures
J
ust what we've been saying. If you have been following the scandal regarding all the houses that are being foreclosed, you know that Barney Frank and Chris Dodd were at the middle of it, declaring that Freddie Mac and Fannie Mae were not only solvent, but thriving. In addition, the government strong armed banks to loan $$ to people whose incomes would NEVER have qualified them for loans. The Cleveland Plain Dealer actually did some research and discovered this was true in Cleveland. Read about it here. Don't suppose that anyone in the MSM will pick up on the story:
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