The sad fact is, in this counrty corporations, especially those in the debt building business, have run amuck for far too long with loose lending practices.
Jimmah Carter started this all in 1977 with the CRA=Community Redevelopment Act.
Then Clinton, Henry Cisneros, and Reno put it on the fast track with steroids. Reno declared she would sue banks all over the country on the grounds of “discrimination” if they didn’t loan to the “POOR PEOPLE” so they could also “enjoy” the thrill of home ownership. Banks would have had millions tied up in litigation.
Qualifying “income” included WELFARE and FOOD STAMPS!!!!
Put the blame where it needs to be— Carter, Reno, B Clinton & Cisneros.
Don’t forget the other stellar activities of Reno- she sent the Gonsalez kid back to Cuba and she burned down Koresch at Waco. Neither action was appropriate, IMO.
I agree, I never said any of those folks were without blame, but don’t lie to yourself and act like the so-called conservatives, or republicans haven’t helped. How long did they control the congress anyway?