Talking about the subprime mortgages - and how all this started during the Clinton administration -—big government forcing banks to make subprime loans,,,,
CRA
AIG was insuring the risks for the investment houses - talks about credit default swaps.
Clinton admin - by late 1990’s - going through the WHOLE scenario.
Michele Bachman rocks!
Big Wall St Firms making big profits.
Knowing they would get bailed out by taxpayers
ACORN - pushing social agenda, destroy Capitalism, redistribute wealth
Government - Community Reinvestment Act (CRA)
Politicians - Barney Frank - Sen. Dodd - Clinton Admin - a lot of people who had a lot to gain by keeping this system going
Yeah!!!
Not everyone in Minnesota is nuts!!
Great interview