"The rich rule over the poor, and the borrower is a slave to the lender."
Give a black man a mortgage and you not only make him your slave, but a $100,000 note at 6.5% will put nearly a quarter of a million dollars in interest in your pocket, in addition to the $100,000 principal.
So it's not a big surprise that lenders wanted to tap a large market of potential slaves. What's surprising is how little it cost them. It only cost them $130,000 to buy Barack Obama's vote. It only took a few more votes to bring in maybe a million new minority borrowers, and that's $250 Billion dollars on the terms above. Investing in the Congressional Black Caucus certainly paid off for Fannie Mae's CEO and other leadership.
One is reminded of the disproportionate number of black babies exterminated by the abortion industry in America.
Although black women constitute only 6% of the population, they comprise 36% of the abortion industry’s clientele. The leading abortion providers have chosen to exploit blacks by locating 94% of their abortuaries in urban neighborhoods with high black populations.
This high rate of abortion has decimated the black family and destroyed black neighborhoods to the detriment of society at large.
Except the abortion industry, who, like the mortgage industry, has profited from the enslavement and destruction of black families.
I don't have statistics on how much the abortion industry had to pay Barack Obama to get his support for the destruction of black babies.
The federal government, friend of usurers and abortionists, has taken America very far from the original American Dream of everyone dwelling safely and undisturbed under his own Vine & Fig Tree.