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:
He really should stop meddling in things beyond his mental capability
LOOKS LIKE HE IS HIGH AGAIN…………
Cloward-Piven.
Idiot. Clinton did it and look what happened. How about doing your job and bring prosperity to Americans. Then they could buy homes.
Just when you thought he couldn’t get more ignorant, this brain dead Muslim should hang in public till he turns blacker !
I agree. But I don’t give him credit for knowing anything. Globalist puppet doing what he is told. The veil is lifting…
look people its for these mulsims,watch
punk your not a bank and the house your muslim$#%&!@*has been living in is the American House. not yours. dude you must smoke some good stuff to be that out of touch with the real world
This$#%&!@*has got to go
He wants your homes.