Subprime loans target black churches, at taxpayers expense!!!-1/3

Report: Taxpayers to Pay Subprime Players Billions to Fix Loan Mess

A new report by the Center for Public Integrity has found that any of the lenders that helped fuel the housing crisis by issuing risky subprime loans are now lining up to receive more than $21 billion in taxpayer money intended to help bail out borrowers. At least twenty-one out of the top twenty-five participants in the Making Home Affordable program specialized in servicing or originating subprime loans. [includes rush transcript]

Category:

News & Politics

Tags:

• subprime
• loans
• african
• american
• black
• wealth
• housing
• penny
• chicago
• obama
• democracy
• now

[smellyfooty]

churches do NOT have my sympathy, unless! it's for charity!

[smellyfooty]

waiting for a revolution. screw youtube.

[smellyfooty]

and what about the capitilasts who gained and exploited the aftermath of hurricane katrina? did anyone ever go home? is that property still for sale? cause i have lots of money, and boy! would i love to buy land that was once someone's home at a reasonable cost.

[smellyfooty]

...and another thing, why doesn't this video play all the way? What's stopping it? YouTube?

does YouTube have any control over what is said or isn't said?

[smellyfooty]

i thought that CHURCHES do not get taxed because of religious freedom(bullshit). Why does ANYONE defend churches who are tax-exempt? including liberals or any other political party?

churches should face taxes like any other BUSINESS.

[btigtime2]

our government has been doing things it was not designed to do for almost 100 years. The bad thing about these programs is that it takes away from the things the Government is supposed to be doing like Border control and immigration.

[DRJAKADA]

Yes: Group Home on Democracy Now!