Here we go again.
The financial crisis of 2007-2008 was one of then-Senator Obama’s top campaign talking points in the 2008 presidential election. Democrats claimed that “big banks and their Republican puppets” were responsible for the irresponsible financial behavior that brought about the burst of the housing bubble and subsequent financial market crash.
In reality, it was Democratic policies that were responsible for the mirage of a booming housing market in the early 2000s.
Despite the insistence by Democrats and the mainstream media that the Community Reinvestment Act (CRA) had nothing to do with the 2007-2008 crash, the evidence tells us otherwise.
A 2012 study by the respected, nonpartisan National Bureau of Economic Research (NBER) found that in spite of claims to the contrary, CRA did lead to riskier lending behavior on the part of banks.
Fast-forward to 2016 and yet another Democrat is pushing more stringent adherence to CRA.
To read about how President Obama wants banks to engage in these risky loans yet again, and why financial experts warn that his plan would “open the floodgates” and send us right back into economic crisis, continue reading on the next page:
I meet him he is dead. He doesn’t have enough protection.
OBAMA DOESN’T CARE HE WILL FINISH THE JOB AND DESTROY AMERICA SO I SAY AGAIN THANK ALL YOU AMERICANS WHO VOTED FOR OBAMA.YOU HELPED HIM.
Another idiotic proposal.
That’s the asswipes plan 2 destroy america before his term is over.
Treason for obumba. Treason.Take back our country
dumber than dumb
This is not his country
Someone get him to stop crashing our lives!!!
Really? Obama is gone guys. All the excuses are gone too. Both Houses of Congress are now Republican, Supreme Court Republican control for last 8 years, next President Republican guaranteeing a super majority (7 out of 9 Supreme Court Justices, first time in history). No more liberals to blame. How are they going to explain to the American People why Roe vs Wade is not reversed, IRS is not closed, no passage of “flat” tax, & no repeal of Obama Care etc. It will be entertaining. The dog just caught the car.