In his early activist days, Barack Obama the community organizer sued banks to ease lending practices.
State Sen. Barack Obama and Fr. Michael Pfleger led a protest against the payday loan industry demanding the State of Illinois to regulate loan businesses in January 2000. During his time as a community organizer Barack Obama led several protests against banks to make loans to high risk individuals. (NBC 5 Week of January 3, 2000)
Here’s something that won’t get any play in the liberal media…
A new study by the respected National Bureau of Economic Research found that Democrats are to blame for the subprime mortgage crisis.
Investor’s Business Daily reported:
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We saw the crunch coming before it got here. Lending $200,000 to someone whose income is $35,000 per year is not going to work, no matter how you slice it. In the end, everyone else pays for the default, one way or another. And here we are, still paying. And our kids wonder why everything is so screwed up....
ReplyDeleteDid not need that study to know it was the democrats fault mostly. The republicans should have fought harder to stop. Now we have an over inflated stock market that is going to get us next.
ReplyDeleteSo what? We all knew that. The only question is-who will be held accountable? We all know the answer to that one too.
ReplyDeleteBut the libs blamed Bush when the bubble burst.
ReplyDeleteWho didn't know that ?
ReplyDeletei thought everyone knew that
ReplyDeleteThe Democrats do not know it if you ask them it never happened on their watch!
ReplyDeleteFanniemae Freddymae Helloooooo. Who were they targeting lol
ReplyDelete