[Titus-Maximus]

While dated, the argument still rages that the federal government through subprime mortgage manipulation led to the greatest financial crisis since the depression. The left does not want to hear it and refuses to believe it. This article lays out some truths.

Also Peter Wallison and Ed Pinto demolish the left's arguments as well. Find anything they write at the American Enterprise Institute.

[SierraWasp]

Whoops... The page you are trying to reach cannot be found.

Read more: http://www.businessinsider.com/the-cra-debate-a-users-guide-2009-#ixzz2juyDtTC6

Dang it! I was really looking forward to reading this but the link is busted!!!

[sauron]

Dead link.

I know the Truth, but thought having an article explain it to some lib friends would be easier and support what I've been tellin' 'em.

[RightGeek]

http://www.businessinsider.com/the-cra-debate-a-users-guide-2009-6

[MtBaldy]

It’s a good article but Business Insider seems to lean left. No mention of Jimmy Carter originally signing the CRA. No mention of Bill, and Hillary, being behind beefing up CRA and ordering regulators to basically coerce the banks into following it or face regulatory action. Also no mention of W Bush warning of the impending crisis with Fannie Mae and Freddy Mac.

I knew the crisis was coming in 2003. Democrats in Congress didn’t want to hear it. Barry Soeto was one of them when he arrived in Washingto. Our current economy, and the collapse in 2008, was all due to Democrats demanding banks abandon sound lending policies in order to finance more minority house purchases.

http://georgewbush-whitehouse.archives.gov/news/releases/2008/10/20081009-10.html

[Pelham]

The majority of high risk loans written during the bubble were financed by investment banks and hedge funds. IBs and hedge funds were not regulated by the CRA. The CRA applied only to retail banks, deposit takers. It did not apply to investment funded financial firms.

[RetAF_fedUP]

bump for later

[Free Vulcan]

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