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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (150753)	1/2/2009 1:10:24 PM
From: Brumar89	Read Replies (2) \| Respond to of 173976

"Lending to low income borrowers is necessarily higher risk than higher income borrowers." No, that is not the case. Lending TOO MUCH to poor risks is the problem. Lending to borrowers with lesser means to repay a loan is by definition riskier than lending to those with greater means. Lending a little to such high risk borrowers isn't a big problem. Lending a lot to higher risk borrowers is a bigger problem. And thats what the government was coercing lenders to do. villagevoice.com -------------------------------------------------------------------------------- "Why did the institutions give the most money to folks like Dodd, Obama, and Frank?" 1. which institutions? Fannie Mae. opensecrets.org Dodd, Kerry, Obama, Hillary - the top four Senate recipients of FNM contributions.