Bank of America commits $5B to affordable homeownership initiative

That happened in April

Recently the bank and others were due to meet in Baltimore



God does work in mysterious ways. A much larger gathering and interest in a projects smack dab in the middle of adversity caused by potus, gave a more determined glint to all to work together despite his 3 a m bathroom rants. And to spite his son in law's rat infested rentals.

__________________

Apparently, you are oblivious to the benefactors of the 'affordable housing'. I'll give you a hint... they were right in the middle of the last housing bubble...

Listen, read, learn. History repeats itself because people don't listen the first time.

__________________
Your life is the sum total of the choices you make.
If you don't laugh at yourself, a whole bunch of people will volunteer to do it for you
I never lose. I either win, or I learn....

Ummm Baltimore received 1.8 billion of Obama's 2009 stimulus.
Now where did that go?

__________________
....don’t look for House Democrats to actually begin doing the people’s business.
They’re too busy devising ways to undermine the President.
- Trey Gowdy

How many Baltimore residents have benefited from this mortgage subsidy program ? The article doesn't say. Who wants to buy a home in a rat and crime infested Baltimore where 2 of the last 3 mayors, all Democrats, have been forced to resign amid charges of corruption?

Baltimore is in the heart of 13 term Congressman Elijah Cummings district his ethnic identity shields him from responsibility for the crime, poverty and decay.

__________________
What is a 30 something year old single man with a rock in one hand and a Honduran flag in the other?

An asylum seeker.

As usual, I'm not going to watch a 25 minute speech to learn something I already now. My first reaction? How did a 500 million commitment in January turn into 5 billion in April?

Add to that your something about Trump rant, I'll pass.

Wow... glad I am not the only one that noticed this discrepancy... Thank you for pointing this out.

$500M was a 'Social Bond', I guess their way of promising they would invest in this program, with promises of more.... over 5 years.

As I mentioned before, they stand to profit immensely on 'up and coming business', which by another definition, is the exact same thing called 'a sub prime mortgage'.

Shall we run the video tape?

__________________
Your life is the sum total of the choices you make.
If you don't laugh at yourself, a whole bunch of people will volunteer to do it for you
I never lose. I either win, or I learn....