[hecticskeptic]

Ground zero of the housing bankruptcies was the implementation of the Community Reinvestment Act under Carter , Bubba went full blown on the CRA and threatened banks if they did not qualify these bad loans . Then came Fanny Mae another dem dream idea and the collapse was not far behind . The only thing left was to blame the GOP who refused to tell the real story .

Here is a video clip of the Fannie Mae and Freddie Mac hearings that I highly recommend everyone have at their immediate disposal for the instance that someone spouts off about the roots of the 2008 collapse.... https://www.youtube.com/watch?v=Yga7TlsA-1A . I have sent this to many folks after engaging in a 'discussion' about this topic and after sending this clip.... silence.

[AuntB]

Keep in mind who is one of Fannie Mae’s biggest lobbyist and got our Tax $$ to run their scam outfit...Mr. GOP Grover Norquist. YES, the enemy is within, while taking our contributions to run his money laundering Americans for tax reform.

Turns Out Grover Norquist Lobbied For Fannie Mae and Freddie Mac ...
www.redstate.com/.../turns-out-grover-norquist-lobbied-for-fannie-mae-and-fre...
RedState
May 18, 2011 - While heading Americans for Tax Reform, Grover Norquist founded the lobbying firm of Janus-Meritt Strategies with David Safavian, the former ...