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To: CutePuppy

Pres. Jimmuh Carter is the father of the sub-prime mess with the Community Reinvestment Act of 1977 he signed into law.


3 posted on 03/08/2010 4:55:06 AM PST by Jack Hydrazine
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To: Jack Hydrazine
True, but CRA found a new (and "improved") life under Clinton. And the 'Uncle of Subprime Crisis' just doesn't sound as impressive.

They say "Success has many fathers but failure is an orphan". Let's make sure people learn and remember who are the "fathers" of this hugely expensive fiasco of yet another anti-market socialist experiment.

5 posted on 03/08/2010 5:18:22 AM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: Jack Hydrazine

The Clinton Administration, however, put CRA on steroids and pressured Fannie and Freddie to buy bad loans, making the impact of CRA infinitely more toxic. And Cuomo was at HUD when all this happened.


8 posted on 03/08/2010 5:47:24 AM PST by WashingtonSource
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