Bailouts, Chaos and Extortion

In 2002 congress was influenced – okay, pressured, by ACORN  and other liberal ‘community organizations’ to  issue new Affirmative Action lending Quotas – to increase ‘minority’ homeownership by 5.5 million by 2010. Contrary to traditional lending standards, or any sort of best management practice, Freddie Mac and Fannie Mae allowed… Continue reading