[IrishMike]

Brilliant thread !

“However, the ultimate effect was to create a mortgage tsunami that wrought devastation on the American people and economy,” says the report. “While government intervention was not the sole cause of the financial crisis, its role was significant and has received too little attention.”

[angkor]

The report is much better than the CNS news article above, which oddly does not name the report or point to its location.

It took some digging to find it!

[Gargantua]

"...“This misses the mark entirely. In fact, responsibility for the erosion of mortgage lending standards, which began with government affordable housing policy, rests squarely on the policy makers who advocated these ill-conceived policies in the first place,” the report says. “Borrowers quite naturally responded to the incentives they were given, irrespective of their socioeconomic status, and risky lending spread to the wider mortgage market.”

All of which ignores that the Republicans, from George W. Bush to House Representatives and Senators with oversight responsibility repeatedly called for increased regulation of Fannie and Freddy, only to be shouted down by the House Queer in Chief (Barney Frank) and the race-baiting members of the Congressional Black Caucus (most notably Rep. Meeks {D} and Rep, Maxine Waters {D}) whose repeated cries that basically 'These requests for additional regulation are just Whitey keepin' the po' man down!'

See the shocking truth here, on video:
http://www.youtube.com/watch?v=_MGT_cSi7Rs

No worse or more vile hypocrite exists than a prominent race-baiting black shouting "RACIST!", and, in doing so, creating a racist-divide class war that wouldn't have existed if they had just kept their big mouths shut.

These people should be publicly flogged, tarred, feathered, and run straight into jail for destroying the American Dream for at least one entire generation, and for ushering in the Manchurian Candidate who will destroy it for the rest of the generations to follow.

There is a prescribed remedy for national treason during wartime, and it is none too harsh.

;-/

[RebelTXRose]

Can they print this ONE SENTENCE and put it in the mail to ALL? Maybe enough of the obamabots will read it and — nevermind — they’ll never understand...