Teacher is always going on about the financial industry and the housing crisis. Never once has mentioned government involvement.
Explore Community Reinvestment Act (CRA),
Carter/Clinton/Bush,
redlining communities,
qualifying loans,
qualifying buyers,
home equity loans,
Goldman,
Lehman Brothers Holdings Inc.,
AGI,
mortgage derivatives,
MERSCORP Holdings, Inc.,
Fannie Mae/Freddie Mac
foreclosues
Bank of America
Wells Fargo
...etc...
Didn’t Frank/Dodd have something to do with it, too?
The old way was to punish exclusion. The new way is to punish lack of inclusion.
http://www.foxnews.com/politics/2013/07/23/team-obama-steps-up-racial-standards-for-neighborhoods/