The federally subsidized Community Reinvestment Act forced banks to make loans to unqualified borrowers. Under the auspices of "unfair housing practices", the Obama administration has inherited this mantle and works feverishly to continue building our new socialist utopia.
For centuries, the leftists have yearned to build this paradise, with other people's money of course. The great omniscient, omnipotent, all-loving (except babies) government tree that provides everyone free housing, free food, free car, free phone, free college, or any other government handout (as long as you vote for them) in order to implement their utopian progressive agenda.
Socialist utopias always fail. Eventually the Jacobins run out of other peoples money, or kill one too many good people, or are replaced by an even worse group. Regardless, the tree is always cut down. In 2008 we had a partial collapse of this system, but we have managed to print our way out. Little has changed since 2008. Nebuchadnezzar became the greatest sovereign the world has ever known. He erected a government tree that promised "cradle to grave" help for all...until the house of cards came crashing down...
Daniel 4: 22 It is thou, O king, that art grown and become strong: for thy greatness is grown, and reacheth unto heaven, and thy dominion to the end of the earth. 23 And whereas the king saw a watcher and an holy one coming down from heaven, and saying , Hew the tree down, and destroy it; yet leave the stump of the roots thereof in the earth, even with a band of iron and brass, in the tender grass of the field; and let it be wet with the dew of heaven, and let his portion be with the beasts of the field, till seven times pass over him;
What is the use? No matter how many people go ahead and spend their time actually researching something, the Marxists just say “no it’s not, you racist” and we keep on acting like it’s not.
There is no truth, only competing agendas.- soviet propaganda
Cuomo, Frank, Clinton, Brown, and all the Dems have mud on their hands and faces for the CRA..
Ricky lending was FORCED on the lenders by Marxist government legislation.