Ann Coulter :: They Gave Your Mortgage To A Less Qualified Minority
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 low- to moderate-income borrowers by the year 2001.
And that, boys and girls, is how it came to be that those of you who pay your mortgage will bail out those who should not have received one at all.
Ann Coulter :: Townhall.com :: They Gave Your Mortgage To A Less Qualified Minority
Categories: Loony Left, National, Politics & Government Tags: andrew cuomo, ann coulter, bill clinton, fannie mae, freddie mac, mortgage bailout
