On Oct 6, 1:03 pm, w...@g...com wrote:
> 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

This study says otherwise. Do you have any facts to back up your
claim?

http://www.traigerlaw.com/publications/traiger_hinck
ley_llp_cra_foreclosure_study_1-7-08.pdf