Democrats need to own up to this!Pay attention to Maxine Waters at 5:04. She talked about the outstanding leadership and touts ?innovation flourished? with ?Desktop underwriting and 100% loans?. 100% loans!!!! This was to help people that could not afford the home in the first place.
I give mad props to Arioch for calling this out back in 2005. Arioch posted about interest only loans and other exotic loans that would destroy the economy when they foreclose. He what right on the money! (pun intended)
