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Politics : Welcome to Slider's Dugout

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To: bmillermn who wrote (15694)	2/22/2009 3:45:57 PM
From: loantech	3 Recommendations Read Replies (1) of 50264

bill you have no only a limited idea of what you are talking about if you want to lay all of this on the Clinton years.I worked 23 years in mortgage banking and have a bit of a clue of the time lines.Forget your Limburger talking points. Yes Clinton and some of his ilk were responsible for part of the mortgage mess too I agree but they did not stick the fork in the pig. And even if they did do two wrongs make aright? I love the crap thrown towards Bill when your boyz had 8 years to clean it up but did NOTHING! BTW on CRE loans there were no stated income loans. People had to verify employment and income. In addition in most cases a small down payment was required.In addition there weere a very small % of the home loan universe. Your 100% stated and no ratio and all the sub prime slime really took off after 2001 especially in 2003-2006. Hud has been a off sheet slush fund for years and came on most under Raygun.

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