Steve Sailer Retweeted Matt Taibbi
WaMu under Killinger became Top 6 bank by winning fed OK for 29 acquisitions, in part by playing CRA Pledge game to buy off leftist activists. WaMu pledged $75 billion in minority/lower income lending to buy Great Western, $120b for Home, $375b for Dime. https://vdare.com/articles/the-minority-mortgage-meltdown-contd-how-the-community-reinvestment-act-fits-in …https://twitter.com/mtaibbi/status/1040741782638739457 …
Steve Sailer added,
Matt TaibbiVerified account @mtaibbi
Senate investigator Elise Bean: “[WaMu became] a conveyor belt of toxic mortgages... fueling Wall Street. Then, when mass credit rating downgrades suddenly shocked the mortgage market, [it] got stuck with billions of dollars in unmarketable, poor-quality mortgage securities.” https://twitter.com/Steve_Sailer/status/1040728400657244160 …
4:25 PM - 14 Sep 2018
0 replies
11 retweets
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