Talk radio, specifically Limbaugh, knew quite well that they had to quickly find a Democratic-only villain to explain this fucking disaster. The decades-old CRA was the only thing that came close to fitting his macro narrative, so that's what he ran with.Trumpsters are told it was the CRA, so that's all they know. The massive amount of information available to them is considered fake news and obediently avoided.What is that?...lol where did you dig that up and what does it have to do with this debate?....Buuuuaaaahahahahahaha!!!!!They can't answer because that critical information is not fed to them in the alternate universe.
They simply don't know.
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For their education:
View attachment 277691
Crackpot Doom Scandal: "Regulation Caused the Subprime Crisis"
It shows that the CRA had no affect on the riskiness of loans. Despite what Investors Business Daily said a decade ago, and moronic bigots take as the holy scriptures.
There's nothing that can be done.
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Because the CRA requires banks to do business in minority communities who have money in those banks, the racist narrative of we're giving them something causes these idiots to blame the CRA. The CRA was passed in 1976. The crash was in 2007.
So he goes back 30 years, claims victory, and the obedient little dittoheads follow along, because it's tailor-made for them.
Meanwhile, the wealth of easily-accessible information on what ACTUALLY happened continues to sit there, unconsumed.
Example: The Meltdown, explained, which is considered fake news Deep State Hitler commie propaganda by the Trumpsters.
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