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:
Already stated with home loans with little or no down payments to people who could never pay their mortgage
Hypocritical communist muslime half white half black degenerate !
Prepareforchange.net
this is destroy this economy they want to destroy this world..they want to have the new world order
Obama is an idiot; that’s why our Country is in so much trouble!
obummer is without a DOUBT WORSE then any President we have EVER had or EVER could have . obummers Legacy = obummer is the BIGGEST and WORST FAILURE this country has EVER had but that’s all you an expect when a bunch of IGNORANT / Brain Dead / MORONS put an ILLEGAL ALIEN / mozlem TRAITOR in the White House…..SCREW his mozlems and him and the ILLEGALS and his Refugees and the GUN CONTROL so his mozlems can Take Over !!!
Never voted for Bummer don’t trust him never have never will. Muslim slime ball of the Devil
more bigger debt for america
What a shocker
He needs to help all his Muslim buddy sleeper cells get homes now.