Posted on 10/10/2008 9:15:27 PM PDT by curth
Barack H. Obama is running around telling everyone that the housing mortgage market collapsed primarily because of some vaguely described "deregulation" that took place sometime under George Bush--or maybe under Clinton; I'm not clear on that. I'm not sure he is.
Whatever his claim is, it's a lie.
The reality is that the housing market collapsed in large part because a coalition of race-baiting bullies brought very heavy pressure to bear on the banks to make more subprime loans on properties in low-income communities. Those who didn't approve the risky subprime loans were accused of "redlining"--i.e., refusing to make loans on properties in those neighborhoods.
Who were these bullies?
(Excerpt) Read more at mypetjawa.mu.nu ...
posted, i think, but certainly worth reading again.
Why doesn’t McCain use this ammo? This is what he needs to be out there talking more about. He’s blowing it, letting this stuff go. What a shock, Obama lied. He’ll do whatever it takes to become president and at this point it won’t take much. He just has to sit there all cool and collected and let the media do their job attacking Palin and McCain sabotage himself and that’ll be that.
Why doesn’t McCain use this ammo?
Done effectively, it can certaninly bring the OBAMA house of cards down on his head.
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