Economic Collapse – Obama Clinton SubPrime Bomb

Economic Collapse – Obama Clinton SubPrime Bomb

In 1997 African Americans were denied qualification for mortgages at twice the rate of white borrowers.  Bill Clinton's HUD Secretary Andrew Cuomo sued banks for descrimination and was awarded over $2.1 billion.  It was called Banking Affirmative Action. 

LInda
Sat  Oct 30, 2010
Subject: Andrew Cuomo Lit the Sub Prime Fuse

www.morningliberty.com

Why you need to care about the NY election (Cuomo ruined the US economy)
 
 
Barney Frank and Chris Dodd created the bomb, Cuomo lit the fuse.
 
Barney Frank and Chriss Dodd made the laws that allowed FANNIE and FREDDIE to guarantee bad loans, but Andrew Cuomo SUED the first bank for 'discrimination' for what was at the time the largest award in history $2.1 billion dollars.
 
This sent a message to all other banks.
 
1) Fannie and Freddie will guarantee bad loans 2) If you dont make those bad loans, we will sue you too
 
Both parts were necessary to set off that explosion, and this is why your 401K is worthless now.
 
This video is Andrew Cuomo lighting the fuse of the housing meltdown. And proudly saying so.
 
Please email these video links to everyone you know! This video has to go viral this weekend.
 
The media is ignoring it while they search to see if Carl Paladino’s dog has a license (100% not joking about that)
 
http://hotair.com/archives/2008/10/12/the-quotes-that-explain-the-entire-financial-meltdown/
 

http://www.youtube.com/watch?v=Lr1M1T2Y314
 

 

Related Articles:


Top 3 Foreclosure Whores – Fannie Freddie Ginnie Cesspool

Economic Collapse? – Wal-Mart Can Fix It – Amazing Article on the Success of Wal-Mart

Barney Frank – Mouse in the Whitehouse

Top 150 Million Michelle Obama Reasons for Removal

Economic Collapse – Fannie and Freddie Problem $146Billion –

Ron Paul Most Popular – Main Press Panic 2012

Tags: , , , , , , , , , , , , , , , , , ,

Leave a Reply