- Men Are Just Happy People
- Silent Night in the trenches -Celtic Thunder - 'Christmas 1915
- Either You Own Property, or You Are Property
- We Need to Talk about Forever Chemicals
- An Open Letter to Vladimir Putin and the Russian People - Revisited
- Run Toward the Battle
- SC Upstate Political Leader’s Repeated Use of Lawfare Backfires
- Benton Blount Announces Candidacy for Chairman of Greenville County Council
- Defend the Border and our Nation
- South Carolina Poised to Oppose RFK Jr’s Health Policy with New Appointment
- Has the Bethlehem Star Mystery Been Unveiled?
- Greenville County Council Ushers in a New Era of Conservative Leadership
- Greenville’s Role in 2024’s U.S. Migration
- Celebrate with Greenville County Republican Women
- Oreshnik Hypersonic Russian Missile Strikes Ukraine
How Could So Many People Have Missed It?
- Details
We’ve gt a deep recession, a credit crunch, job losses, and business failures, all started by a mortgage loan crisis. We are paying for that mortgage loan crisis, and it appears that nobody saw it coming.
How could so many knowledgeable people have missed it? When Jimmy Carter signed the Community Redevelopment Act of 1977, requiring financial institutions to make loans to people in low-income areas, it should have been clear that a lot of these loans weren’t going to be repaid. But they all said, we’ve got to stop redlining, the federal government is going to insure the loans anyway, and the government’s sending monitors to make sure we make these loans, so we’ll go ahead and make them although we’re pretty sure they won’t be repaid.
Browse by the Top Tags ...
