Tuesday, February 3, 2009

They Won't Even TALK About It!

That little-known, silly little law they passed back in the seventies during a Democrat-controlled Congress and signed by a Democrat president (Jimmy Carter) known as the “Community Reinvestment Act of 1976,” which was strengthened by yet ANOTHER Democrat Congress and that strengthening signed into law by ANOTHER Democrat (Bill Clinton) and promoted by MANY Democrats including Barney Frank and Chris Dodd CAUSED the collapse of the mortgage industry and, “domino fashion” caused the near-collapse of the financial industry. Yet the Democrats are STILL trying to blame George Bush and the Republicans because of “lack of regulation.” But it was the DEMOCRATS who blocked every effort to investigate their adjunct, Fannie Mae and Freddie Mac. And still they have the GALL to blame Republicans for what THEY did! Meanwhile, the law continues to be in effect, forcing lenders to make loans to people who haven’t a PRAYER of being able to pay them back and NOBODY does anything to try and stop it. Nobody on EITHER side is even willing to TALK about it! (Just common sense)

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