Liberal Forum

This program (minute as it was) merely GAVE low income Americans cash payments (like here you go... Welfare) for down payments on home purchases. That's all. They still had to qualify for the purchase of those homes by applying to a bank and going through the credit process. They were allowed to include the prospect of the government grant in the application in the event the bank approved the loan after examining their credit. If the bank turned them down, then they didn't get the home or the down payment money.  It was still at the banks discretion whether they believed the loans were wise.  There was no coercion of the banks to force them to give the loans beyond providing their customers with WELFARE to pay to the bank.  It could only HELP (in a very minute way) the banks.  It did not cause the financial industry ANY detrimental impact.  But you saw it and immediately bought into it because your brain WANTED to believe it wasn't YOUR GUYS and YOUR IDEOLOGY which were responsible.  Your brain NEEDED it to be true.  And your failure to understand this tendency is what caused you to regurgitate utter nonsense and attribute all manner of undue impact just as the propagandist hoped you would.

The financial crisis and the CRA which caused it was an entirely different beast. And yes that was fully in the DNC left-wing socialist camp