Full-Auto
Gold Member
- Jun 13, 2009
- 13,555
- 1,624
- 153
Why did most of the mortgage fraud come from institutions that were NOT subject to the CRA?Bank of America's violent tendencies...
"The most recent bombshell hit in early September when Bank of America was one of 17 firms ranging from Citigroup to General Electric that was sued by the Federal Housing Finance Agency, which claimed the lenders misled Fannie Mae and Freddie Mac about the quality of loans that were packaged and sold to the government-sponsored enterprises..."
The Lawsuits Plaguing Bank Of America - Forbes
We have sued banks and will sue you if you dont make high risk loans.
What you made high risk loans. were suing you.
The government opened the door, ignored all the warning signs to the point of SHHH dont talk about it. It might collapse.