I have been saying this for years. How stupid or gutless could Republicans be not to blame the mortgage collapse on Obama whenever the subject arises? Bob
The entire housing melt down was a set up by the Dems from the beginning and Obama was involved the entire time. 1st as a foot soldier, then a lawyer, then an Illinois Rep, then a US Senator, and finally their coup d’etat, as President.
Been trying to let folks know for years on my site:
OBAMA TIED DIRECTLY TO THE FINANCIAL CRISIS
http://www.jeffhead.com/obama/communityorgan.htm
He never wanted to “fix” anything. The plan was to bring it down, blame it on the GOP, then get in place to “fundamental;ly change” the whole of the US free market economy.
In other words, President Obama inherited the mortgage crisis from Senator Obama.
In order to come up with another way to support themselves using OPM, Clinton had his Treasury Secretary, Lloyd Bentsen, announce a new minority housing plan in December 1993.
Banks went along or their management would go to prison.
He built that.