Sunlight Foundation

Political link to the mortgage crisis

Publication: ABC 7 News San Francisco

Mark Matthews
March 24, 2008

How much did big corporate money influence politicians, as the sub-prime mortgage industry took off, before the bubble burst? In 2005, homeowners were getting offers every week to refinance their homes or take out a mortgage, with payments that in the fine print, would balloon a few years later. The President and congress were not on top of those shaky mortgage practices. The President was talking up home ownership.