Sharpton slams Sen Dodd, Dems, for inaction on HUD rule
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downpayment assistance programs is NOT bad
CRWA was one thing. Cuomo expanded it under Clinton by a whopping TWO BILLION!!
In 2002, Bush expanded 2 Billion to $448 Billion.
But all those loans on hard assets were just kindling wood for the raging inferno called Derivatives, esp. Credit DEFAULT swaps, which account for Waaay more funny money than mortgages. CDS's are private unregulated insurance policies valued at FIVE TIMES than the entire ANNUAL GDP of the USA.
dilbertgeg 3 years ago
Chris Dodd hates black people too!
dpfuner1 4 years ago