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To: Scanian
Clinton Attorney General Janet Reno, using the anti-redlining statute -- the Community Reinvestment Act -- relentlessly pressured banks to make loans to "the underserved." But the banks could not make enough subprime mortgage loans to satisfy our lawmakers unless the federal government bought the loans they originated. That's where Fannie and Freddie came in.

The root of the meltdown in a nutshell......why this doesn't fly in the face of the "It's Bush's fault" 'rats is beyond me....info that needs to be hammered constantly.

2 posted on 07/27/2010 2:44:55 AM PDT by ErnBatavia (It's not the Obama Administration....it's the "Obama Regime".)
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To: ErnBatavia

Never mind the Democrats ,Where is Sarah Palin,Newt Gingrich,Mitt Romney,Michelle Bachman?
The Republicans are as Much to Blame as the Democrats IMHO,because they DONT pound this every waking hour of every day. But if they did a lot of things Might be differentbut they go along . We are all being had folks ,Do you hear anyone talking about the Outrage of Obamacare,no its the same old Crap ,tax cuts for the rich,THis election should be about the saving of the Republic and all we get is Republicans are for the rich and the Republicans are for Big Oil and tax cuts for the Rich ,Democrats are for the Down trodden. What a Bunch of SUCKERS


3 posted on 07/27/2010 3:18:06 AM PDT by ballplayer
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To: ErnBatavia
The root of the meltdown in a nutshell......why this doesn't fly in the face of the "It's Bush's fault" 'rats is beyond me....

I think you know very well the reason. It's simply because they're Democrats and the established media simply will not go after one of their own criminals, not even when a governor and sitting president conspire to sell a Senate seat.

4 posted on 07/27/2010 4:31:16 AM PDT by libertylover (The problem with Obama is not that his skin is too black, it's that his ideas are too RED.)
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