With lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-A

Discussion in 'Politics' started by Matthew, Sep 3, 2012.

  1. Matthew
    Online

    Matthew Blue dog all the way!

    Joined:
    Mar 16, 2010
    Messages:
    49,775
    Thanks Received:
    4,614
    Trophy Points:
    1,885
    Location:
    Portland Oregon
    Ratings:
    +15,240
    With lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans
    The Daily Caller ^ | 9/3/2012 | Neil Munro

    With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans | The Daily Caller

     
  2. kyzr
    Offline

    kyzr Gold Member

    Joined:
    Oct 14, 2009
    Messages:
    3,447
    Thanks Received:
    450
    Trophy Points:
    130
    Ratings:
    +630
    Looks like Mitt has a very nice response for the debates when BO says that he started in a hole caused by the Bush admin. The answer is that the dems actually caused the financial crisis. Also see, Community Reinvestment Act, Fannie, Freddie, and no more excuses.
     
  3. Care4all
    Offline

    Care4all Warrior Princess Supporting Member

    Joined:
    Mar 24, 2007
    Messages:
    32,800
    Thanks Received:
    6,626
    Trophy Points:
    1,170
    Location:
    Maine
    Ratings:
    +11,117
    Less than 10% of all homes that have gone in to foreclosure are to poor people in redline districts

    90% OF ALL FORECLOSURES in this crisis are NOT to people in redline districts

    FAIL
     
  4. kyzr
    Offline

    kyzr Gold Member

    Joined:
    Oct 14, 2009
    Messages:
    3,447
    Thanks Received:
    450
    Trophy Points:
    130
    Ratings:
    +630
    The issue is, "were the banks forced to give loans to the unqualified, yes or no?"
    Hint: yes, by the CRA, and that caused the financial crisis. It wasn't the banks, it was the DC whores.
     

Share This Page