...

The MORTGAGE MESS (a 4 step fraud):

Step 1. "Redlining" -- Spawn GSEs (like Fannie), faking outrage over lenders NOT lending money to those who can't repay.

Step 2. "Community Reinvestment Act" -- alter FEDERAL LAW so "community organizers" (like ACORN & Greenlining) dictate lending practices to lenders.

Step 3. "Predatory Lending" -- Fake outrage over lenders having lent money to those who can't repay, as the toxic debt collapses.

Step 4. Call it "deregulation", and blame others.
***

DEMOCRAT PARTY = FASCIST PARTY

Democrat race hustlers and class warfare mongers bred this trillion-dollars nightmare with calls for "social justice", and accusations of "redlining".

The Democrat fascists established federal laws like FFIEC CRA & granted "community organizers", like ACORN & Greenlighting, authority to dictate race-based lending practices to lenders. In conjunction with their other Affirmative Racism laws, the Democrats thereby intimidated lenders into ABANDONING sound lending practices. This "Obamination" quickly spread to all sectors of borrowers, so that, e.g., white Liberals tried to get rich off of it, too.

Even today, Obama calls for "social justice" to expand such corrosive policies to other industries. Yet, Democrats are blaming those who warned against such fascism, while imbecilic Republicans keep trying to be polite and low key.
***

LINKS:

THE MELTDOWN'S ACORN
http://www.nypost.com/seven/09292008/postopinion/editorials/the_meltdowns_acorn_131274.htm

The Real Culprits In This Meltdown
http://www.ibdeditorials.com/IBDArticles.aspx?id=306370789279709

Barney Frank's Fannie and Freddie Muddle
http://www.usnews.com/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle.html

Politicians Use Bailout to Grab More Power
http://www.smartmoney.com/tradecraft/index.cfm?story=Politicians-Use-Bailout-to-Grab-More-Power

Bailout Bills, Illegal Aliens, and Weird Lending Practices
http://www.openmarket.org/2008/09/24/bailout-bills-illegal-aliens-and-weird-lending-practices/
"
When I and my wife, a legal alien, bought our house, the mortgage company told me that if my wife were an illegal alien, rather than legal, we would have qualified for certain loan programs with big banks.
"
-- www . openmarket . org

The Diversity Recession, or How Affirmative Action Helped Cause the Housing Crisis
http://www.takimag.com/site/article/the_diversity_recession_or_how_affirmative_action_helped_cause_the_housing/
"
...Democrats had gleefully been using this justification to funnel vast sums of mortgage money to their base voters among minorities through the liberal-dominated quasi-state institutions Fannie Mae (once run by former Obama adviser Jim Johnson) and Freddie Mac and via leftwing NGOs such as ACORN (to which Obama had long and close ties).
"
-- www . takimag . com

Bailouts will lead to rough economic ride
http://www.cnn.com/2008/POLITICS/09/23/paul.bailout/index.html

Bailout Bill Drafted by Senator Dodd Is a Scam on Taxpayers to Bankroll Left-Wing Extremists
http://www.openmarket.org/2008/09/26/bailout-bill-drafted-by-senator-dodd-is-a-scam-on-taxpayers/

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