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Cannonpointer
Yesterday 6:38 pm
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98% Macho Man
98% Macho Man
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Skans » Today, 10:33 am » wrote: You're so full of **** sometimes:
  • Carter was responsible for passing the Community Reinvestment Act. 
That's not what broke the economy. The Republican American Dream Act broke it.

Carter held the football. Bush made the kick.
Skans » Today, 10:33 am » wrote: 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
Bush signed the bill that broke the economy. Did you even watch the media? Apparently not.
Skans » Today, 10:33 am » wrote: [*]Clinton incentivized banks to loosen lending standards.
Bush ordered them to. **** "incentivized." Bush made it law.
Skans » Today, 10:33 am » wrote: 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.
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Yo0u are full of ****. The video I provided speaks to reality. You're mouth-****.

Bush removed every requirement - including credit worthiness or employment status. Watch the **** 6 minute clip, THEN run your head.
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