i do, fatboy, you don't. sorry i can't make it shorter than it is, find an adult to read it to you.<quoted text>'the lenders did not have to worry about of the soundness of the mortgage'
Do you actually comprehend what you are typing moron? Just how stupid are you?
Just when you think you've read all the idiotic posts by the rightwing puppet brigade, this idiot shows up.
Maybe this will help:
"In the 1990's under the administration of Franklin Raines, a Clinton Administration appointee, Fannie Mae began to demand that the lending institutions that it dealt with prove that they were not redlining. This meant that the lending institutions would have to fulfill a quota of minority mortgage lending. This in turn meant that the lending agencies would have to lower their standards in terms of such things as down payments and the required incomes"
i doubt it however.