The usual suspects are involved:Democrats, Obama and ACORN. The left forced banks to make risky subprime loans by shouting discrimination. Listen to Andrew Cuomo clearly when he calls it discrimination for a bank to turn down someone because their “financial credit history wasn’t good enough.”
These folks with “financial credit history” that wasn’t good enough were giving loans and now we have the housing market crisis, which led to the financial crisis.
ASTONISHING VIDEO EVIDENCE FOUND!!! The Clinton administration admitting their policy of “BANK AFFIRMATIVE ACTION”. Secretary Cuomo admits they forced banks to make BAD LOANS. Video also shows Obama’s tie to all this.
Obama is seen discussing his legal and community organizing career. See how it ties in to ACORN and the Clinton administration enforcement of the Community Reinvestment Act.
You can also read about Obama’s newest appointee, Thomas E. Donilon, kept Freddie and Fannie from being regulated here. You may also enjoy reading how much protecting Freddie and Fannie is costing the taxpayers here. Also, if you wonder why Freddie and Fannie weren’t covered by the Dodd-Frank financial reform bill, you might want to read this article here.
H/T to NakedEmperorNews