Quote:
Originally Posted by DaddyHalbucks
Under the CRA, the Carter and Clinton adminstrations forced banks to make shaky loans to minorities which gave us this crisis. Wall Street is not the primary culprit.
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ummm yea.... I'm sorry but last time I checked low income minorities weren't buying $200k houses. The biggest foreclosure group are house in the $150k to $300k range, those are middle class families that over bought trying to keep up with the Jones. Not low income minorities.
Also don't forget that it was three Republicans whom sponsored and proposed that bill, if it wasn't for them it never would have been voted on. Not to mention that the bill was voted in by both parties in a "Republican" controlled Congress and Senate.