It’s 1999 and President Bill Clinton is pushing Fannie Mae to encourage banks to extend credit to those who do not deserve it. Franklin Raines, the head of Fannie Mae, is more than willing to comply. Fast-forward to 2008, where Fannie Mae and Freddie Mac have essentially been taken over by the federal government and [...]
Posts Tagged ‘bill clinton’
1999: Iceberg Ahead
Posted by BobG on September 26th, 2008
Ann Coulter :: They Gave Your Mortgage To A Less Qualified Minority
Posted by BobG on September 24th, 2008
Under [President Bill] Clinton, the entire federal government put massive pressure on banks to grant more mortgages to the poor and minorities. Clinton’s secretary of Housing and Urban Development, Andrew Cuomo, investigated Fannie Mae for racial discrimination and proposed that 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to [...]
Posted in Politics & Government, The Loony Left 
Tags: andrew cuomo, ann coulter, bill clinton, fannie mae, freddie mac, mortgage bailout 
No Comments »
