Child Groomer, Sexual Predator
3,503 posts
Skans » Today, 10:33 am » wrote: ↑
You're so full of **** sometimes:
- Carter was responsible for passing the Community Reinvestment Act. Wet Willie Clinton was responsible for amendments to the CRA and and increased enforcement pressure (i.e. lax lending practices) in the 1990s and early 2000s
- Clinton incentivized banks to loosen lending standards. This laid part of the foundation for the subprime mortgage boom. Wall Street took advantage of Clinton's loose lending policies securitizing huge numbers of "FREE MONEY 'n SHEET" loans, which triggered the 2007–08 housing collapse.
- All Bush did was promote HUD loans to penniless, but employed Blacks. Ironically, these loans didn't fail. HUD kept these in-house. And, because the HUD programs made sure all recipients had actual, verifiable jobs, AND that they would be living in these houses, this simply was not part of the problem Clinton-Democrats created.
You forgot Barney Frank. He and Dubya deregulated the banks leading to the 2008 financial meltdown. It was bipartisan..