actually i want to shed some light on the subject for all you guys who think you know why this is happening with our current financial mess with banks who loaned money to people who couldnt afford the homes.....we are all responsible for that. Barney Frank was mentioned and i acouldnt agree more....he praised Fannie Mae and said buy their stock a few weeks before their problems were outed. But also banks were forced to make sub-prime loans and this was proudly announced by the Clinton administration's Andrew Cuomo on April 6, 1998. During the press conference Cuomo admitted that there would be a higher default rate on these loans. They did it anyway. Did u know that Obama was an attorney who won a large case that forced banks into making these loans to people who couldnt afford them? Search Buycks-Roberson v. Citibank Federal Sav. Bank. Enjoy this revelation.
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