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Burning Down The House: What Caused Our Economic Crisis?

Original post made by peter, Barron Park, on Sep 27, 2008

How we got to this crisis

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Clinton's huge expansion of the CRA provided billions of dollars for left-wing groups like ACORN, NACA, and Chicago's Woodstock institute, people who know protest and advocacy but zero about mortgage banking, to actually make loans themselves independent of banks, many with zero downpayments.
This is the legacy of Obama, in the nineties he was involved in suing banks on behalf of these radical groups, amazing the media has absolutely no interest his deep roots in this mess.

Comments (2)

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Posted by but seriously
a resident of College Terrace
on Sep 27, 2008 at 12:46 pm

Are you seriously blaming this on Obama and Clinton? That is just too ludicrous. Are those institutions coming with their hands out? Oh, wait, perhaps it is the far left-wing Lehmann and AIG that Obama and Clinton supported. I think not.


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Posted by Walter_E_Wallis
a resident of Midtown
on Sep 28, 2008 at 4:19 am

Walter_E_Wallis is a registered user.

There is blame enough for everyone. If there is to be a bailout, I would like one condition - that the directors of any bailed company be barred for life from the boards of any public corporation.


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