Friday, July 12, 2019

On Kamala Harris Proposing a $100,000,000,000 Plan to Get More Black Folks Into Mortgages

I haven't examined it yet but if it's anything close to the Congressional plan of the 1990s and 2000s in which the goals for Fannie and Freddie relative to low and moderate income mortgages went from 30% of their total portfolio in the early '90s to 56% by 2007 (and I'm suspecting that it is - the fact that these idiots ran out of ideas years ago and so their only option is to recycle the old bullshit), yeah, you can probably expect another crash.

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