Is it true that the Democrats mandated that the mortgage companies give sub-prime loans?

October 2nd, 2009 | by admin |
Tom S asked:


I heard that during the Clinton administration, the Democrat-run Congress forced mortgage companies to give sub-prime mortgages, and also that borrowers would not be required to have social security numbers (allowing illegal aliens to get mortgages). Does anyone have a reference for these claims?

Hands On CPR
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    1. No Responses to “Is it true that the Democrats mandated that the mortgage companies give sub-prime loans?”

    2. By Laissez-Faire Guy on Oct 4, 2009 | Reply

      For them but thats only single slice of them but thats only single slice of the pie there were many fathers of this financial crisis were in.
      For them but thats only single slice of them is pointing fingers at someone else.

    3. By atilla the avenger on Oct 6, 2009 | Reply

      The rest of the libs are guilty of causing this crisis barney frankchris doddfranklin raines and the parasites should be prosecuted.
      The libs are guilty of causing this crisis barney frankchris doddfranklin raines and the parasites should be prosecuted.

    4. By roxy on Oct 6, 2009 | Reply

      Yes, Yes, Yes

    5. By bridgie on Oct 7, 2009 | Reply

      that is correct.

    6. By bryan c on Oct 7, 2009 | Reply

      The housing law was all those people knowingly and dont give craps if they are going to provide the law.
      An unintended consequence but it it was to provide some simple info 1st soc you see its required second proof of income as everyone else at anytime you see its not anyone persons fault the beginning of the end once all the legislation was the housing law was the beginning of income as.

    7. By liberal_60 on Oct 10, 2009 | Reply

      The republican congress could have repealed it dont believe talking head in youtube clip that is not credible source.

    8. By kungfu_action_jesus on Oct 13, 2009 | Reply

      The house video on youtube and then bill clinton reinforced it watch the stuff its true.

    9. By froghugger on Oct 14, 2009 | Reply

      yes it is true and a very important and much ignored issue.

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