Wednesday, September 17, 2008

Subprime Meltdown - Who's to blame?

Raja, he sell to you nice house, cheep!

"The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but "predatory." Read on...

No comments: