Bloomberg: Dems behind housing scam

Discussion in 'Economy' started by longknife, Oct 31, 2012.

  1. longknife

    longknife Platinum Member

    Sep 21, 2012
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    Sin City
    By Sharon Sebastian

    Website: Welcome to Darwin's Racists!

    Old news, except it isn’t. Last week, in regard to the devastating housing fraud that helped collapse the U.S. economy, a Reuter’s headline read: “U.S. Sues Bank of America for Alleged Mortgage Fraud.” According to Reuters, Barack Obama’s Justice Department “filed a civil mortgage fraud lawsuit against Bank of America, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses.”

    That’s right, the banks did it. In reality, it is another glaring example of Barack Obama and the Progressive Democrats’ adeptness at avoiding culpability and deflecting blame. After all, to this date, they have fooled so many about their role in perpetuating the housing collapse that thrust the economy into a nose dive. They are counting on voters lacking enough information to connect-the-dots as they point accusingly at their partners in crime. Most Americans have been told by Obama’s lap-dog media that it was all the fault of greedy bankers, mortgage brokers and Wall Street derivatives – some of which came into play once the set-up, the opportunity for greed bated the bad players into joint accountability.

    Full piece at Right Truth: BLOOMBERG: DEMS BEHIND HOUSING SCAM

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