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Biden: Romney wants to let the big banks again write their own rules.

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Eddie Haskell

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Aug 14, 2012, 5:33:38 PM8/14/12
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But not Holder and Hussein by god!

"In what could be a repeat of the easy-lending cycle that led to the housing
crisis, the Justice Department has asked several banks to relax their
mortgage underwriting standards and approve loans for minorities with poor
credit as part of a new crackdown on alleged discrimination, according to
court documents reviewed by IBD."

"Prosecutions have already generated more than $20 million in loan
set-asides and other subsidies from banks that have settled out of court
rather than battle the federal government and risk being branded racist. An
additional 60 banks are under investigation, a DOJ spokeswoman says."

Settlements include setting aside prime-rate mortgages for low-income blacks
and Hispanics with blemished credit and even counting "public assistance" as
valid income in mortgage applications.

http://newmediajournal.us/indx.php/item/2200

-Eddie Haskell


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