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The NEW Enslavement of America started with the NEW Deal -- modern mortgages

 
tandym

User ID: 1667343
United States
11/15/2012 10:26 AM

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The NEW Enslavement of America started with the NEW Deal -- modern mortgages
[link to www.ehow.com]

The New Deal
The effects of the Great Depression forever changed the landscape of real estate finance. After tens of thousands of people lost their homes to foreclosure, the New Deal legislation of the 1930s produced the Federal Home Loan Banking System, the Federal Housing Administration and the Public Housing Act of 1937. All were involved with helping the average American secure affordable housing.

[link to en.wikipedia.org]
[link to www.hud.gov]
[link to www.bostonfairhousing.org]

[link to portal.hud.gov]

And THEN during the Clinton Administration -- they did it AGAIN...
[link to en.wikipedia.org]
[link to www.time.com]
[link to www.thedailybeast.com]

Strange how the new socialist democrats are behind it all...

Last Edited by tandym on 11/15/2012 12:13 PM
tandym (OP)

User ID: 1667343
United States
11/15/2012 10:36 AM

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Re: The NEW Enslavement of America started with the NEW Deal -- modern mortgages
bump
indiandave

User ID: 27213312
United States
11/15/2012 10:48 AM

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Re: The NEW Enslavement of America started with the NEW Deal -- modern mortgages
Thanks for posting. Booked marked it to look at it later.
Anonymous Coward
User ID: 16686156
United Kingdom
11/15/2012 10:52 AM
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Re: The NEW Enslavement of America started with the NEW Deal -- modern mortgages
funny , in Britain the NEW DEAL is what they put JobSeekers on - where they force you to work for free for up to a month and force you on to 2 year courses , with the two year courses once you find work you still need to attend appointments and keep them up to date on how YOUR FUCKING LIFE is going.

NEW DEAL can suck a dick.
tandym (OP)

User ID: 1667343
United States
11/15/2012 12:11 PM

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Re: The NEW Enslavement of America started with the NEW Deal -- modern mortgages
[link to www.fhlbanks.com]

The Federal Home Loan Banks are a mechanism for economic stability. Thousands of community lenders everywhere in America rely on them as a strong source of funds for financing housing, jobs and growth.



ohreally?
tandym (OP)

User ID: 1667343
United States
11/15/2012 12:12 PM

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Re: The NEW Enslavement of America started with the NEW Deal -- modern mortgages
[link to www.investopedia.com]

Definition of 'Federal Home Loan Bank System - FHLB'
An organization created by the Federal Home Loan Bank Act of 1932 to increase the amount of funds available for lending institutions who provide mortgages and similar loan agreements to individuals. This system was created in response to the depressive economic conditions of the era, which had impaired the U.S. banking system.

Also referred to as the "FHL Bank System".
tandym (OP)

User ID: 1667343
United States
11/15/2012 12:15 PM

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Re: The NEW Enslavement of America started with the NEW Deal -- modern mortgages
[link to www.thedailybeast.com]

The Housing Bubble? Clinton Helped Build That

As Bill Clinton collects his accolades, let's recall: the key decisions that inflated the housing bubble of the 2000s - and that laid waste to the US economy in 2008 -- were taken under Bill Clinton's administration: the decision to leave derivative trading unregulated, the decision to allow deposit-taking institutions to engage in proprietary trading, the pressure on banks to relax mortgage lending standards, the decision to allow Fannie Mae and Freddie Mac to grow enormously large thanks to the implicit subsidy of the government guarantee of their bonds and borrowing.

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