Despite Barack Obama’s bold-faced lie about deregulation being the cause for the mortgage credit crisis, the New York Times, in an article published on September 30, 1999, reveals the truth about what happened and why. We know that it all began with the 1977 Community Reinvestment Act which required banks and lenders to make risky [...]
Filed under: Corruption, Economy, Government, Politics | Tagged: 1999, article, Barack Obama, Clinton Administration, credit crisis, Fannie Mae, Franklin Raines, Freddie Mac, New York Times, Peter Wallison, Steven Holmes | Leave a Comment »
