Vanguard News Network

“President Hosts Conference on Minority Homeownership”, 2002 speech:

http://www.whitehouse.gov/news/releases/2002/10/20021015-7.html#

“Freddie Mac recently began 25 initiatives around the country to dismantle barriers and create greater opportunities for homeownership. One of the programs is designed to help deserving families who have bad credit histories to qualify for homeownership loans.”

Apparently, Ron Paul would like us to return to the bad old days of anti-White, anti-working man, laissez-faire Capitalism, ie, Hoovervilles, union busting, sweatshops, White child labor and “company stores”. Yet Dr. Paul, this great anti-Government crusader, has spent his whole adult life feeding at the Taxpayers’ teat. WTF?

And what will Ron Paul do with those millions of dollars he recieved from the fools who contributed to his presidential campaign? He’ll use some of it to try and keep his congressional seat and stay in Goverment, no doubt……………… I’m afraid Ron Paul has almost zero credibility. I will change my mind about that flakey bastard the day he says he’s fighting for the interests of working-class and middle-class White Americans. Like that’ll ever happen.

And yes, I know the present Wall Street crisis is due to affirmative action/equal opportunity home financing laws and practices. But why doesn’t Paul mention the racial angle of this whole mess? Or does he?

It’s a fact that if you have good credit, you are paying low interest. On the other hand, if you have fair, bad, or no credit, interest rates are much higher. If you have no credit, a home loan is not to be given. At least that is the way it used to be. Ron Paul is a little off on this. Low interest isn’t across the board for everyone.

Seventy-five percent of Fannie Mae and Freddie Mac recipients are niggers. Seventy-five percent have either bad credit or no credit and these private organizations directed by jews and niggers gave these niggers a higher interest rate and loaned the money which they couldn’t pay back. I should say wouldn’t pay back. Niggers in this country have a history of taking and not returning what is loaned to them nor do they make monthly payments on anything. Their brains start to shut off after the fourth payment. SA is a good example at what happens when negroes are given free hand outs. Yet companies and banks give and give. Sure, they are the best consumers, but they are lousy at paying anything back, including paying for their own utilities! Any wonder why having electricity is such a problem to maintain in SA?

Then you have the illegals, non-English speaking Vietnamese and Chinese who are given hand outs from banks, in particular credit cards which the banks allow them to purchase items costing $2,000 or more. Their credit scores? Under 600. And, yet they are automatically given a credit limit of $4,000. This doesn’t include the home loans the jew banks pour out to these people.

Think about it. If some country was to give you some easy hand out, would you have much respect for that country and make every effort to return the favor? Whites more than likely have a conscience about this sort, but non-whites?

The jews don’t care, just as long they make their quick money and, now, they are asking for bail out money. They don’t care who suffers as long as they don’t.

“JUSTIFIED LIQUIDATION” It’s coming jews!

I read that over 80% of the Jews in this country live in predominantly Jewish communities, places where their neighbors are only other Jews. They believe only Goy neighborhoods and schools should be forcibly integrated, not theirs. So much for the myth that Jews regard the schwartzes as “equals”.

NoShitZarathustra……..

I stand in silent awe of your amazing achievements on behalf of the White Race, like___________, as well as _______ ______, not to mention___________.Great job, Superman! You must tell me all about your hair-raising tales of derring-do. Hopefully, they will include more than just posting snivelling remarks, LIKE A LITTLE BITCH.

A publication by Fannie Mae: “Reaching the Immigrant Market: Creating Homeownership Opportunitiesfor New Americans”. See how many layers of fiduciary stewardship must be stripped away to “Overcome Barriers To Immigrant Homeownership”:

http://www.fanniemaefoundation.org/programs/pdf/rep_immigrant.pdf

“Most often, the borrower has no credit history. What credit
they will have is nontraditional. They have no mortgage,
installment, or revolving credit history that is reported to the
three repositories. Sometimes they are making payments to
Car Mart, for a vehicle, on a weekly basis, and we would verify
that source. We would also verify utilities if they were in the
borrower’s name, which typically they were not. If a borrower
did not have any credit, we would make the loan approval credit
decision on other strengths in the file. The FHA underwriting
guidelines state: ‘A borrower cannot be turned down for having
no credit.’ We took that in its literal sense.

“Many times there would be collections from utility companies
on the borrower’s credit report. The explanation was that
they and other relatives were living together and the utilities
were in our borrower’s name. When he moved, the utilities
were left on and were paid late by those who continued to
reside at the residence or they simply did not know to call to
have them turned off. We required payment of the collection
and would not deny the loan because it was a typical circumstance
among many of our borrowers.

“Many times the borrower would have more than one social
security number. We would call the Social Security office to
verify which was correct and would ensure that credit and
employment information reflected the correct number.
“First National used an innovative method to assist immigrants
in establishing a credit history at little cost with a
certificate of deposit (CD)-secured loan: the borrower applies
for a 1-year, $1,000 term loan with monthly payments of
approximately $85; funds from the loan ($1,000) are invested
in a CD; and the bank holds the funds in the CD as collateral
for the loan. The bank has almost no credit risk on these loans
as the CD is used as collateral and, because the CD earns
interest, the net cost to the borrower is less than $15.
Through this lending mechanism, borrowers both establish a
good credit history and gain confidence in the lending process
and in the bank.”

” ‘A borrower cannot be turned down for having
no credit.’ We took that in its literal sense.”

Who cares? The borrower wants to be on equal footing with the lender.
Since lending starts with nothing, shouldn’t the borrower have the same (equal) opportunity?

‘“Many times the borrower would have more than one social
security number. We would call the Social Security office to
verify which was correct and would ensure that credit and
employment information reflected the correct number.
“First National used an innovative method to assist immigrants
in establishing a credit history at little cost with a
certificate of deposit (CD)-secured loan: the borrower applies
for a 1-year, $1,000 term loan with monthly payments of
approximately $85; funds from the loan ($1,000) are invested
in a CD; and the bank holds the funds in the CD as collateral
for the loan. The bank has almost no credit risk on these loans
as the CD is used as collateral and, because the CD earns
interest, the net cost to the borrower is less than $15.
Through this lending mechanism, borrowers both establish a
good credit history and gain confidence in the lending process
and in the bank.”’

The above is the Alice in Wonderland approach of giving handouts to illegals and non-English speaking non-Whites. True, many Vietnamese and Chinese share their SSN with their friends and family members. The ability to collect on these people if they default becomes impossible. In addition, these people have dual citizenship making it easy for them to take thousands of our dollars and leave this country.

The jews approach that CD’s will take care of the circulation of money or the abundance of money is typically insane and doesn’t work that way. If there is no money returning to the banks, how is interest applied to money that is not there?

Here, again, we have jews writing these articles that are so full of shit and so full of holes only the non-naive can figure out the jews are truly insane and have no business handling our money.