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To: GuavaCheesePuff
Bush destroyed the economic gains of the 1980s and 1990s

Check your facts.It was the Community Reinvestment Act (Passed in 1977) and Attorney Corporal Reno's warning that lenders would find the full weight of the US Government would descend upon any mortgage lender who dared deny any mortgage application from a "person of color"

50 posted on 04/30/2018 12:52:09 PM PDT by Gay State Conservative (You Say "White Privilege"...I Say "Protestant Work Ethic")
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To: Gay State Conservative

Bingo!

The CRA is what nearly wrecked the planet economically. Full stop. The banks created MBAs to move the debt off their books, and then they got stupid with them and started buying them for their own portfolios.

Evil, then stupid, and then we bailed them out, and then they got bonuses.


53 posted on 04/30/2018 12:55:19 PM PDT by RinaseaofDs
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To: Gay State Conservative

Check YOUR facts. Bush did nothing abut the sub prime mess. Nothing.


67 posted on 04/30/2018 1:29:58 PM PDT by CodeToad (The Democrats haven't been this pissed off since the Republicans took their slaves away.)
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