Saturday, September 27, 2008

US Economic Crisis: Sub-Prime Mortgages

1 comment:

Anonymous said...

If you believe this, than read the comments on the cited CRA Wikipedia article:
Over the past year and a half, Wikipedia has allowed this entry to be hijacked by Republicans and allowed them to turn it into propaganda. It is a blatant attempt to rewrite history. Check the history, there is a two year dry spell and then a flurry of activity accusing the article of having a liberal bias and then rewriting it. Here is an article from an economist on the CRA: http://economistsview.typepad.com/economistsview/2008/04/yet-again-it-wa.html

Here are two business articles talking about President Bush forcing Fannie Mae to expand subprime lending:
http://findarticles.com/p/articles/mi_m1355/is_2_102/ai_88582467
http://findarticles.com/p/articles/mi_m0EIN/is_2002_Oct_15/ai_92843805

Here's the REPUBLICAN SEC chairman blaming deregulation for the current financial meltdown:
http://www.nytimes.com/2008/09/27/business/27sec.html?_r=1&ref=business&oref=slogin

No wonder McCain wants him fired, he just blamed Republican policies for the recession.