Works like a charm every time!
1. Under the threat of prosecution & being called racist – force banks to give mortgages to unqualified borrowers, disregarding their ability to pay
2. Create financial meltdown when they are unable to pay back.
3. Milk the crisis for all its worth (Don’t let crisis go to waste!)
4. Blame banks for “unwise”, “deceptive” loan practices
5. Fine banks billions of dollars
6. Let non-paying buyers keep their homes, cut their mortgage
obligations thus redistributing the wealth from rich to poor
7. Wait till dust settles, and start the process all over again