Andrew Coumo, member of Clinton’s Cabinet, explains how Banks and Mortgage companies were strong armed into giving bad loans to low income families in NINJA loans, No Income, No Job, No Asssts.”

Following is a young Civil Rights Attorney boasting of his involvement in forcing these loans to be made and the theory that spreading them out through Fannie Mae would “reduce risk” of so many defaults.

Also ignoring the ability to repay the loans, the number one thing looked for in making loans.

From looking around today, it would appear this great Socialist Experiment failed miserably and who pays for it? The Middle Class, again, thanks to Democrats and several Republicans who can only blame Bush.

As a well known member of the clergy once said, “The chickens have come home to roost!”