[syriacus]

Obama is a tainted fish who grew politically in the polluted swamps of Chicago. We should throw him back from whence he came.

'Twas quotas that killed the US economy.

An oversimplified timeline

1. Late 1960's - Redlining

   The term "redlining" was coined in the late 1960s by community activists in Chicago. It describes the practice of marking a red line on a map to delineate the area where banks would not invest;

2. 1977 - Community Reinvestment Act

   The purpose of the CRA is to provide credit, including home ownership opportunities to underserved populations

3. Post-1977 - In exchange for favorable treatment by regulators, banks gave mortgages to underserved people

   the Fed and other financial regulators have pressured/extorted banks into making more loans to less-than-creditworthy borrowers than they would normally be willing to risk...

   When the CRA was created during the Carter administration, the administration also funded with tax dollars numerous "community groups" [like ACORN] that have helped the ... regulatory agencies to enforce the act.

4. 2007 U.S. Foreclosure activity increases 75 %

Community Organizers like Barack have served America very poorly.

[SlowBoat407]

If this is what he accomplished as a community organizer, imagine what he could do as president!

[Kimberly GG]

I think that KEY to all of this is the number of “undeserveds” , “less than risky credit borrowers” who are ILLEGAL ALIENS.

Why is it that so many folks like DiLorenzo (article at your CRA link) are almost going out of their way NOT to mention ILLEGAL ALIENS?

IMMIGRATION, ILLEGAL ALIENS, AMNESTY...interestingly,all topics that NO ONE suddenly wants to touch. And who was it that pushed for “undeserveds” to become homeowners. I vividly recall BUSH bragging about this, but I’ve also read that it started with Clinton. Now Obama connections? Who’s really pulling the strings here?

SOMEONE out there needs to layout a similar timeline on this as it relates DIRECTLY to illegal immigration and the push by the powers that be to give more and more opportunities for illegal aliens and the DIRECT affect it has had on the current subprime/banking CRISIS and our economy. SOMEONE wanted illegal aliens to be even more well-established, engrained in our country. Will the solution for our economic woes be, as has been planned all along, the creation of a north american union and single currency, Amero? Was it necessary to destroy our economy in order to convince Americans that this plan of action was the only way out? We need to stand back and look at the whole/bigger picture.

[RazzPutin]

(An oversimplified timeline)

We need simple.
The average voter is not going to connect dots. Makes the brain hurt.
It is just so easy to say “Bush’s fault” and at least Obama is not Bush.