More facts on Liberals being instrumental in Fannie Mae, Subprime Mortgage, and many bank collapse….
A 6 step plan:
Step 1. Fake outrage over lenders NOT lending money to those who can’t repay.
Step 2. Create the “Community Reinvestment Act” — to alter FEDERAL LAW so “community organizers” can dictate lending practices to lenders.
Step 3. Encourage “Predatory Lending” — Audit lenders to ensure lending practices encourage little or no financial accountability by lenders.
Step 4. Label lenders that “fail” the audits as racist.
Step 5. Fake outrage over lenders having lent money to those who can’t repay.
Step 6. As the toxic debt collapses, blame Republicans and demand more “regulation”.