Monday, September 3, 2012

Obama's Role in the Housing Market Crash

Here's a link to the Daily Caller's expose on President Barack Obama's role in the Great Housing Crash of 2008: With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans.

This is going to leave a mark. I've studies this subject quite a bit over the years and am familiar with Obama's role in this lawsuit and the horrible Community Reinvestment Act enacted during the Carter administration and given teeth by the Clinton administration. I'm glad to see this getting wider coverage.

More Americans need to know that it's not deregulation that caused the Crash (as those on the Left would have you believe), but regulation. This is yet another law that I hope the Romney administration repeals.

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