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Politics : Sarah Palin For President 2012
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To: mph who wrote (175)9/21/2008 10:31:59 PM
From: RMF  Read Replies (1) of 1832
 
The "redlining" they were complaining about was the disparity in mortgage availability to different "groups" i.e. blacks, hispanics, etc., regardless of income or credit standing.

I don't think ANYBODY said they should just start handing out mortgages regardless of incomes or credit history. OR that they should give the lousiest deals to the most unsophisticated borrowers.

Countrywide and the rest of these crooks were just out to close as many mortgages as possible with the knowledge that somebody else would end up stuck with the worthless paper.

As far as that Raines guy...I think he should have gotten some jail time and some much STIFFER fines.
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