I am now a fan of Jim DeMint. This video lays out the whole subprime debacle in chronological order:
Federal regulations were set up to encourage banks to encourage people to live beyond their means. Debt is killer. "Predatory lending" as Obama's people like to call it now was done in order to meet federal requirements and avoid lawsuits from firms like the one Obama worked at in Chicago.
(H/T NRO)
-
No comments:
Post a Comment