Just like a lib to continue to push through something after already experiencing its harmful effects and then being prepared to blame the devastating results on the GOP.
Read from Weasel Zippers:
Obama Pushing Same Type Of Mortgages That Previously Contributed to Crisis
Via Investor’s Business Daily:
Despite new evidence the Community Reinvestment Act led to riskier lending and played a key role in the subprime mortgage crisis, the Obama administration is broadening the anti-redlining regulation’s authority and scope, spooking bankers.
A recent study by the National Bureau of Economic Research, the nation’s pre-eminent economic research group, states that the CRA “clearly” had a major impact on the flood of subprime loans made in the late 1990s and 2000s, which directly led to the housing crisis.
Keep reading…
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