To: org.whodat
This is more than one mans opinion and it’s not in the least silly. Anytime the federal govt. steps in they manage to screw things up. Do your homework.
12 posted on
05/10/2008 7:41:09 AM PDT by
snowman1
To: snowman1
If I remember right it was the late nineties when the fed jumped in to the Clinton sponsored CRA mess and allowed CDO’s to be backed by sub-prime loans which helped spread the disaster into more financial markets. But regardless of that, the author of the article is pointing out the politicallt incorrect truth as to the genesis of the fiasco; political pressure by race hustlers and their allies in the Democratic Party and the Republicans who caved in to that pressure.
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