Unbelievable!!! Obama is attempting to force banks to do the same thing that lead to the sub-prime mortgage crisis and the housing crash! The definition of insanity: To keep doing the same thing and expect a different result?
Unbelievable!!! Obama is attempting to force banks to do the same thing that lead to the sub-prime mortgage crisis and the housing crash! The definition of insanity: To keep doing the same thing and expect a different result?
I was getting tired of explaining to people that the government was the cause of the sub-prime mortgage crisis beginning with the Community Reinvestment Act (CRA) of 1977, ACORN, and the government guaranteeing of loan packages purchased by Fannie Mae and Freddy Mac. Now Obama is pushing for the same thing that he did as a community organizer. What’s the definition of STUPID!!!
I’ve been telling people since before the 2008 Presidential election that Obama is a Socialist ideologue. With this repeat of past idiocy and the push for the nationalization of children, Obama has made my case for me. He meant it when he said: “I will fundamentally transform America.” Americans were too stupid to realize that he intended to take their freedoms away. Obama’s Socialist America will eventually wallow in poverty as we lurch from crisis to crisis. The 20th Century was a demonstration of the failure of Communism, Socialism, and Statism.
Banking is the most heavily regulated industry in America. The bottom line is that Obama can force them to do anything, even destroy themselves. Don’t Americans see that the answer is a free economy with no government interference? The prosperity of a nation is proportional to its freedom. We the People must drastically reduce the size and power of our government. This is also the only way that we can reduce government spending. It is time to take our country back!
Government’s threat to banks: Lend to less qualified or face discrimination lawsuits
http://www.wnd.com/2013/04/obama-orders-same-policy-that-sparked-mortgage-meltdown/