[originalbuckeye]

Leftists never acknowledge that the housing collapse was due to the Community Reinvestment Act. The banks were forced to offer those predatory loans (loans to people who couldn’t afford the houses) by being threatened with penalties. They had to be able to show a certain percentage of the ‘predatory’ loans, period. No Leftists ever point out it was themselves that created the housing crisis. And when the Dems were elected to a majority in the House and Senate in 2006, GWB’s Admin’s epitaph was written.......’BUSHES FAULT’. Forevermore.

[Starboard]

Being a liberal means never having to say you’re sorry for anything.

[Hulka]

“(loans to people who couldn’t afford the houses)”

“(loans to MOSTLY MINORITY people who couldn’t afford the houses)”

[Wallace T.]

The reason banks and mortgage providers were not hurt too badly for the subprime mortgage loans, for the most part, was due to the ability of the financial institutions to sell the subprime loans into the secondary market, which was subsidized by FNMA, GNMA, etc., Federally sponsored corporations. These agencies securitized the mortgages, whether prime, alt-A, or subprime, which were purchased by large investment firms and money center banks. It was Fannie Mae, Freddie Mac, Ginnie Mae, etc., that served as middlemen, pushing financial risk away from the originating bank or mortgage company. These institutions were centers of Democrat patronage. The second Bush administration failed to crack down on this racket, out of fear of offending powerful Democrat politicians like Barney Frank.

This failure is but one example of why we should not support a RINO Administration, and should be thankful that Trump beat Jeb Bush, Rubio, Kasich, etc., during the primary season. A Trump administration will not fear to confront Democrat bullies and whiners.

[Alberta's Child]

The CIRA was really a very small part of the problem. What really drove this was the massive number of previously creditworthy people defaulting on mortgages due to a combination of two things: (1) poor decisions about buying homes at inflated prices, and (2) job losses in the 2008-2010 period.

[ilovesarah2012]

Exactly but you wouldn’t know that from the MSM.