Perry gave millions in tax dollars to banks as their subprime lending boomed

[BDBoop]

Countrywide’s lending volume also boomed. In 2004, 14 percent of the company’s loans in the state were given to high-risk borrowers, but the following year — when Countrywide received its first $10 million disbursement from the fund — the rate of risky loans jumped to nearly one in three, the AP’s analysis found. Texas ranked No. 3 for the number of risky mortgages underwritten by Countrywide, behind only Florida and California.

In October 2007, as credit-rating agencies continued downgrading hundreds of billions in mortgage-backed assets on Wall Street, Perry’s spokeswoman described Texas as “one of the hottest housing markets in the nation” and dismissed concerns about the looming economic implosion as “slightly alarmist.”

The enterprise fund is known in Texas as a signature issue for Perry, and one that has drawn critical scrutiny by the watchdog group Texans for Public Justice in light of subprime mortgage lending in the mid-2000s. The AP’s review uncovered new details of his economic deals as he seeks the GOP presidential nomination, particularly in how the two lenders engaged in subprime lending in Texas.

Perry gave millions in tax dollars to banks as their subprime lending boomed - The Washington Post

Things are really getting messy in R land! Even Christie. Looks like it's coming back down to Romney again (and Johnson, my pick).

 

[Full-Auto]

Countrywide’s lending volume also boomed. In 2004, 14 percent of the company’s loans in the state were given to high-risk borrowers, but the following year — when Countrywide received its first $10 million disbursement from the fund — the rate of risky loans jumped to nearly one in three, the AP’s analysis found. Texas ranked No. 3 for the number of risky mortgages underwritten by Countrywide, behind only Florida and California.

In October 2007, as credit-rating agencies continued downgrading hundreds of billions in mortgage-backed assets on Wall Street, Perry’s spokeswoman described Texas as “one of the hottest housing markets in the nation” and dismissed concerns about the looming economic implosion as “slightly alarmist.”

The enterprise fund is known in Texas as a signature issue for Perry, and one that has drawn critical scrutiny by the watchdog group Texans for Public Justice in light of subprime mortgage lending in the mid-2000s. The AP’s review uncovered new details of his economic deals as he seeks the GOP presidential nomination, particularly in how the two lenders engaged in subprime lending in Texas.

Perry gave millions in tax dollars to banks as their subprime lending boomed - The Washington Post

Things are really getting messy in R land! Even Christie. Looks like it's coming back down to Romney again (and Johnson, my pick).

Make sure the guys from Goldman Sachs that Obama hired look into this. After that have, them check with Barney. Something was missed.

 

[The Rabbi]

Countrywide’s lending volume also boomed. In 2004, 14 percent of the company’s loans in the state were given to high-risk borrowers, but the following year — when Countrywide received its first $10 million disbursement from the fund — the rate of risky loans jumped to nearly one in three, the AP’s analysis found. Texas ranked No. 3 for the number of risky mortgages underwritten by Countrywide, behind only Florida and California.

In October 2007, as credit-rating agencies continued downgrading hundreds of billions in mortgage-backed assets on Wall Street, Perry’s spokeswoman described Texas as “one of the hottest housing markets in the nation” and dismissed concerns about the looming economic implosion as “slightly alarmist.”

The enterprise fund is known in Texas as a signature issue for Perry, and one that has drawn critical scrutiny by the watchdog group Texans for Public Justice in light of subprime mortgage lending in the mid-2000s. The AP’s review uncovered new details of his economic deals as he seeks the GOP presidential nomination, particularly in how the two lenders engaged in subprime lending in Texas.

Perry gave millions in tax dollars to banks as their subprime lending boomed - The Washington Post

Things are really getting messy in R land! Even Christie. Looks like it's coming back down to Romney again (and Johnson, my pick).

Wow, Perry should have been psychic, and in any case we know all mortgage bankers are criminals, right?
Johnson isn't your pick, you lying skank. Obama is your pick. That's obvious.

 

[G.T.]

Countrywide’s lending volume also boomed. In 2004, 14 percent of the company’s loans in the state were given to high-risk borrowers, but the following year — when Countrywide received its first $10 million disbursement from the fund — the rate of risky loans jumped to nearly one in three, the AP’s analysis found. Texas ranked No. 3 for the number of risky mortgages underwritten by Countrywide, behind only Florida and California.

In October 2007, as credit-rating agencies continued downgrading hundreds of billions in mortgage-backed assets on Wall Street, Perry’s spokeswoman described Texas as “one of the hottest housing markets in the nation” and dismissed concerns about the looming economic implosion as “slightly alarmist.”

The enterprise fund is known in Texas as a signature issue for Perry, and one that has drawn critical scrutiny by the watchdog group Texans for Public Justice in light of subprime mortgage lending in the mid-2000s. The AP’s review uncovered new details of his economic deals as he seeks the GOP presidential nomination, particularly in how the two lenders engaged in subprime lending in Texas.

Perry gave millions in tax dollars to banks as their subprime lending boomed - The Washington Post

Things are really getting messy in R land! Even Christie. Looks like it's coming back down to Romney again (and Johnson, my pick).

Johnson isn't your pick, you lying skank.

You're such a scummer dude. Good luck getting laid, ever.

 

[The Rabbi]

Perry gave millions in tax dollars to banks as their subprime lending boomed - The Washington Post

Things are really getting messy in R land! Even Christie. Looks like it's coming back down to Romney again (and Johnson, my pick).

Johnson isn't your pick, you lying skank.

You're such a scummer dude. Good luck getting laid, ever.

You're barking up the wrong tree, Nancy.