Ha Ha Just Kidding, Here are the real bucks.
I just didn’t want to show you the big guys right away. *Photos courtesy of Chase Palosaari.
September 27, 2008
Finally it is all clear, why our economy sucks
Answer: Bill CLinton <————————
Ah that makes sense, democrats trying to help out people who should never be given as much money at such good rates to buy homes. The democratic president who wanted to help the poor people out, you all should be able to get loans……
To bad since then no one stopped the sub-prime mortgage policy the Clinton administration pushed through.
Fannie Mae Eases Credit To Aid Mortgage Lending
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.