Sunday, November 09, 2008

Real SubPrime Stories

Today's Testimony
Tell us your story
By order of Barnet Frank, Chris Dodd, and Bill Clinton

Not that I don't want to be a right wing truther now that the shoe is on the other foot, but. I worked for Chase Manhattan in the 90's till 2002 and the golden icon was "community development". Which meant for every 50 good loans you shut up and made the "hood loan". Chase ended up owning half of Compton Ca. We were in fact buying crack DISTRICTS at the urging of the Clinton Admin. Got so bad that LA county issued an arrest warrant for one of the high ups in Chase for not maintaining the properties they owned. So all the way back in 2000 the writing was on the wall, and it just accelerated from there. I still want the aluminum beret though.
 

No comments:

Post a Comment

Just type your name and post as anonymous if you don't have a Blogger profile.