ASTONISHING VIDEO EVIDENCE FOUND!!! the Clinton administration admitting their policy of “BANK AFFIRMATIVE ACTION”. Secretary Cuomo admits they forced banks to make BAD LOANS. Video also shows Obama’s tie to all this. Obama is seen discussing his legal and community organizing career. See how it ties in to ACORN and the Clinton administration enforcement of the Community Reinvestment Act.
EVIDENCE FOUND!!! Clinton administration’s “BANK AFFIRMATIVE ACTION” They forced banks to make BAD LOANS and ACORN and Obama’s tie to all of it!!!
Posted by admin on May 28th, 2010
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In 1999 Clinton Signs Legislation Overhauling Banking Laws which gets rid of Glass-Steagall Act; now the perfect storm. Progressives always say “in theory” it should have worked because they have never held a real job and do not actually know how it really works. I think Ivy League Educated is Latin for “idiot”. In theory, if you can’t quality, you can’t pay it back. Now do you get it? I guess not because we are still writing subprime loans due to redefaulting. LOL.
If you do the math, subprime loans probably started in July of 1998, so all these 15,000 subprime customers probably got a 5 year loan balloon, low interest until five years and then a high balloon payment and a higher interest rate in the fifth year and that’s why these loans started failing in 2003, which is why everybody started freaking out at the end of 2003.
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Foxnews Alert !! This scumbag is going to run for governor of NY..People of NY WAKE UP!!!!!!!!!!!!! Spitzer Patterson now Cumo ? Cumo is how the Revvvvvvvvvvvvvverend Jackssssssssson pronounces it
That mother fucker looks like a tweeker.
and then you come up with the problem you have today! what a bunch of idiots.
Search To Learn The Whole Story:
Planting Seeds of Disaster by Stanley Kurtz
ACORN, Barack Obama, and the Democratic party.
Confiscation by consent decree – Department of Justice extorts money from financial institutions
Barack Obama’s Involvement with ACORN Unearthed, Missing Article Recovered
The Real Scandal How Feds Invited The Mortgage Mess by Stan Liebowitz
Timeline of Events Fannie/Freddie ( YouTube )
The Real Culprits In This Meltdown, IBD
Links to incriminating evidence, please.
Yeah 2.1 Bn in Mortgages. Which the bank probably turned around and sold to Wall St as AAA investments based on government guarantees. This then was where YOUR 4001K money went. Everyone made money, then. So no one got too upset.. Till the whole thing collapsed.
@cutmymoviecom “Were banks really concerned about the legal stuff as much as simply trying to grab as much business as they possibly could while the going was good?”
what a naive, stupid question
ask the people who owned & worked at the banks that have closed since the crisis (approx 200 since start of 2009)
@sololamer how is foreclosing on a home when someone defaults on their mortgage “stealing?”
do u even realize the bank is the homeowner? not the person living there. the bank bought the home for you. that is why they own the mortgage, and you pay it off with interest. this isnt rocket science
and if you paid attention at all, its was made pretty clear (just from what Cuomo said) that the banks never wanted to make the bad loans in the first place!
@frankftw the mortgage mess is NOT the “McMansions”
those werent the risky loans that needed to be packaged & sold & re-sold
the defaults on the “$25,000 houses in black neighborhoods” are exactly what caused the problem
and who buys a ‘first house’ the a 2nd & 3rd, as you claim, and pays off the 1st house? you SELL your house when you move upMcMansion mortgages arent the ones being defaulted on
@frankftw LOL and yet after all your “secret meetings with oil company execs, Haliburton, Blackwater, Enron, etc.” to “divide Iraq’s oil assets. map of the Iraqi oil fields, detailing individual field capacity, pipelines, refineries, and tanker terminals” Iraq sells its oil to Russia & China… NOT the US
Usually Coruptocrats have the Best of Intensions when They carelessly give out Taxpayers Funds!!! They always MissJudge the Outcome!!! The answer is ALWAYS the same”MORE MONEY”!!! Higher Taxes!!! We should feel encouraged though, These DAMMIT-CRATS FINALLY took the END RESULT into account!!! THEY KNEW THIS WOULD FAIL!!! And did it ANYWAYS!!! You SHEEPLE still believe in this “A-CORN-HOLE”!!!
@adiostraitorobama Secretive? How about Cheney’s March 2001 secret meeting with oil company execs, Haliburton, Blackwater, Enron, etc. Only years later did we find out they were discussing how to divide Iraq’s oil assets. map of the Iraqi oil fields, detailing individual field capacity, pipelines, refineries, and tanker terminals. Or a perhaps another, even more telling, “Foreign Suitors for Iraqi Oilfield Contracts.”
The banks red-lined many black neighborhoods…no matter how perfect your credit or income, banks in poor neighborhoods would accept the people’s money but loan it out elsewhere. The mortgage mess is not $25,000 houses in black neighborhoods…it’s the people that every 5 years would trade up to a $100K house, then a $200K, then a $500K McMansion. They thought constantly increasing home values would always let them pay off the first house with money left over for the new house.
Jeez, so they even admit they expect the number of defaults to be higher than normal? What are they gonna do next? Blow up the Earth and blame it on free market?
Sick. Sick. They should be so ashamed.
fascism. fascism. fascism. bend over motherfuckers.
omg simply amazing, are u serious.
Wow the bank could not ask for a better way of asset stealing.
Loan money to those who are on barely making it, take there money, knowing they will default then steal not only there money but there homes too. Simply amazing.How could you be a bank and not love the Clinton plan. How could you not love what obama is doing if u are a central bank or top 10 bank.Ur competition is to big to fail so we will take tax payer moeny bail them out then sell it cheap.
this video should be retittle EVIDENCE FOUND!!! ANDREW CUOMO assisted in the subprime mortgage mess as a hud sec. under clinton. andrew is obamas choice for governor of new york. we cant afford this to happen. HE HAS SOLD OUT TO THE ELITES.
@cmystyle7 Ihave to give credit to Milton Friedman, it is his quote. I like to use it.
@DandRFilms1 And you think anyone will allow that to be over and done with?
@bertly71 That really is a good thing to say.. bumper sticker
Unbelievable!