It’s been while, but rehashing the CRA —
The CRA program/office was created by Carter, and later intentionally exploded under Bill Clinton, who tasked certain key lawyers (including a lead lawyer named *B H O bama*).
With the White House also pressuring and manipulated the media and court, Obama and legal team won the key lawsuit, which forced the nation’s largest banks to change lending policy.
Banks were to remove lending restrictions specifically from minority applicants, regardless of score. Banks had to knowingly make housing loans available across the country, to people who would never pay them back, and in some cases, never intended to pay them back.
The case was strategically built around one of Clintons specialty’s, the targeted weaponization of civil rights (race). On Clintons que, the mass media and press painted banks and lenders as racist, which intentionally excluded loans based on race.
The banks were trashed by mass media and press.
Obama and his legal team were dependant on the “full court press” triggered and applied by the Clinton White Hut.
And PRESTO!
Now banks had to scale go total “sub-prime”!
There were other factors, but this was a key “biggly” reason for the precipitous mortgage meltdown which really broke the economy, which was then blamed on Bush and Republicans.
Ironic isn’t it (NOT). Clinton’s own “CRA Obama” would in 2007, get to blame and absolutely trash Bush for the economic destruction of his own hard fought handiwork!
Obama then goes on to play “messiah”, hand out obama-phones, and finish Clinton’s 30 year IC/DOD/DOJ/FBI/TREASURY/OMB purges of as many Patriots as possible.
*spit*!!