And wasn’t CBS’s “Sixty Minutes,” the Leftists’ mouthpiece, the catalyst for Congress to “do something” about the EVIL practice of “red-lining” in the ghettos? In their Special Report, EVIL banks were damned for refusing to loan mortgage money to people who couldn’t afford a house.
Naturally, the Democrats sprang into action, threatning the banks that were so racist and passing legislation that made taxpayers the co-signers to these bad loans.
The rest is history....a history that the Left is furiously trying to rewrite after the collapse of the housing market that so negatively affected the rest of the economy.