red states rule
12-09-2014, 03:47 AM
Seems like Lizzy Warren may be running for President and give Hilary a massive headache. I would love to see it
Meanwhile Lizzy tosses out more blatant lies about what happened when Bill Clinton had Fannie and Freddie reduce credit requirement so people could get a mortgage.
Progressive icon Sen. Elizabeth Warren (D-MA) recently dropped a bombshell in a private meeting with Boston-area donors, according to a report in Politico (http://www.politico.com/story/2014/12/elizabeth-warren-antonio-weiss-criticism-113390.html). The dispatch focuses primarily on Warren’s candid criticisms of President Barack Obama and his pick to serve as undersecretary for domestic finance at the Treasury Department, Antonio Weiss. This bit of fractious infighting within the Democratic Party will provide pundits with an opportunity to examine the divisions within the Democratic coalition, but Warren also made a more interesting contention in this meeting that merits further review.
According to sources who attended that meeting, Warren heavily criticized the federal government’s approach to the subprime mortgage crisis in 2008. She added that the financial crisis disproportionally affected African-American and Hispanic families because they were “targeted” by the federal government.
Politico does not elaborate on what Warren meant, but her lament is a familiar one on the left. The argument stipulates that black and Hispanic families, many of whom suffer rates of poverty greater than those of the population of American whites, were more frequent beneficiaries of subprime lending prior to the collapse of the housing market. As a result, minorities suffered at a rate greater than did their non-minority counterparts when the bottom fell out.
http://hotair.com/archives/2014/12/08/elizabeth-warren-tells-donors-minorities-were-targeted-with-subprime-mortgages/
Meanwhile Lizzy tosses out more blatant lies about what happened when Bill Clinton had Fannie and Freddie reduce credit requirement so people could get a mortgage.
Progressive icon Sen. Elizabeth Warren (D-MA) recently dropped a bombshell in a private meeting with Boston-area donors, according to a report in Politico (http://www.politico.com/story/2014/12/elizabeth-warren-antonio-weiss-criticism-113390.html). The dispatch focuses primarily on Warren’s candid criticisms of President Barack Obama and his pick to serve as undersecretary for domestic finance at the Treasury Department, Antonio Weiss. This bit of fractious infighting within the Democratic Party will provide pundits with an opportunity to examine the divisions within the Democratic coalition, but Warren also made a more interesting contention in this meeting that merits further review.
According to sources who attended that meeting, Warren heavily criticized the federal government’s approach to the subprime mortgage crisis in 2008. She added that the financial crisis disproportionally affected African-American and Hispanic families because they were “targeted” by the federal government.
Politico does not elaborate on what Warren meant, but her lament is a familiar one on the left. The argument stipulates that black and Hispanic families, many of whom suffer rates of poverty greater than those of the population of American whites, were more frequent beneficiaries of subprime lending prior to the collapse of the housing market. As a result, minorities suffered at a rate greater than did their non-minority counterparts when the bottom fell out.
http://hotair.com/archives/2014/12/08/elizabeth-warren-tells-donors-minorities-were-targeted-with-subprime-mortgages/