17,394
edits
Changes
Jump to navigation
Jump to search
Line 82:
Line 82: − ==Sotomayor & PRLDEF==+ − Current [[Supreme Court]] judge [[Sonia Sotomayor]] was a board member of the LatinoJustice PRLDEF organization for twelve-years. The group has known ties to ACORN, to what extent has yet to be made public. <ref>[http://www.conservapedia.com/Sonia_Sotomayor#cite_note-26 Leftist Group Sends Sotomayor Docs to Senate] Leftist Group Sends Sotomayor Docs to Senate] AP, June 30, 2009</ref>
Association of Community Organizations for Reform Now (view source)
Revision as of 03:43, December 12, 2009
, 03:43, December 12, 2009→Sotomayor & PRLDEF: drop gossip
Since these loans were to be underwritten by the government sponsored Fannie Mae and Freddie Mac, the implicit government guarantee of those loans absolved lenders, mortgage bundlers and investors of any concern over the obvious risk. As Bloomberg reported: "It is a classic case of socializing the risk while privatizing the profit." [http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0]
Since these loans were to be underwritten by the government sponsored Fannie Mae and Freddie Mac, the implicit government guarantee of those loans absolved lenders, mortgage bundlers and investors of any concern over the obvious risk. As Bloomberg reported: "It is a classic case of socializing the risk while privatizing the profit." [http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0]
==Barack Obama==
==Barack Obama==