Monday

It was Liberal Who Required Banks to make Bad Loans


BARNEY FRANK AND CHRIS DOBB WERE THE FORCES BEHIND THE COMMUNITY REINVESTMENT ACT.  AN ACT THAT REQUIRED BANKS TO GIVE HOME LOANS TO LESS THAN CREDIT WORTHY PEOPLE.  SURE WE ALL WOULD LIKE TO SEE MORE AMERICANS OWN THEIR HOME.  UNFORTUNATELY THIS IS NOT POSSIBLE AND POLITICIANS WHO TELL YOU WE CAN DO THIS ARE JUST LIVING IN A FOOLS PARADISE OR PERHAPS JUST SEEKING MORE VOTES.  THESE BAD LOANS MORE THAN ANYTHING ELSE CAUSED THE ECONOMIC COLLAPSE IN 2008.  MANY LIKE TO BLAME THE BANKS, BUT IT WAS THE POLITICIANS THAT STARTED THE BALL ROLLING.

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