[mulligan]

Government (mainly Congress) is the cause of our problems. They not only are the cause, they are the creators of this financial mess. Spendthrift, reckless and incompetent people (our Congress) are in charge. Why should anyone expect anything different. And unless and until Congress faces up to this fact nothing will change and the messes will get bigger and bigger and bigger.

[lonevoice]

Kakistocracy: n., pl. -cies.

Government by the least qualified or most unprincipled citizens.

[the anti-liberal]

The Community Reinvestment Act (CRA), enacted by Congress in 1977, forced what I call 'Affirmative Action Lending' on banks on pain of being hauled up in Federal Court and accused of racism and fined, resulting in financial loss and efforts to to recoup those losses, including repacking those affirmative action loans as grade A paper and selling them.

This was the work of the kind of people we would now call 'Community Organizers,' or Marxists.

I don't understand why conservatives aren't making more of this as the single greatest cause of the financial turmoil we're now in. We have a "President-elect" who is the very kind of person who would've passed the CRA act himself.

Why don't we hear more about the affirmative action lending that was forced onto banks by Congress via the Community Reinvestment Act?