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Posts Tagged ‘Economic Mess’

Was it GOP policy or the foreclosures that caused the economic mess?

May 3rd, 2009
13 comments


I see several people on here blaming GOP policy for the past couple of years for the mess we are in. **** to say this, but the foreclosures were the driving force behind this problem.

Banks, thanks to the CRA, were forced to loan money to people who could not afford a house and they got into bad loans. Fannie and Freddie sold Govt Secured Mortgages that were worthless. So this all comes back to the problems of the mortgage loans.

Love how you guys still want to blame Bush for everything.

Karen Real Estate , , , , ,

Why do people keep blaming minorities when they represent less then 10 percent of foreclosures?

April 23rd, 2009
77 comments
THE MESSIAH asked:


I'm so tired of people who blame minorities for the huge economic mess … Hello 10 percent of executions of a mortgage is minorities. 60 percent of all executions of a mortgage is the houses that are great about 400,000 whites dominate this area of execution of a mortgage … You do not think its ****** to blame blacks and Latinos for this mess when they represent only 10 percent of executions of a mortgage?

Karen Real Estate , , , , ,