Lehman's Richard Fuld, during this morning's congressional hearings,
mentioned the pressure re: giving mortgages to previously unqualified
people, read mostly Blacks. And Wells Fargo boasting about mortgages
for illegal aliens.
The question is; was this sort of an alliance between the liberals who
pressured the mortgage
industry to accept worthless paper. Or, in response to liberal/
governmental pressure, did the banks jump on the bandwagon
anticipating an ultimate end to the ponzi scheme?

Walter Hudson