Post Tagged with: "subprime crisis"

September 5, 2012 09:32

Obama sued banks to give subprime loans to Chicago’s African-Americans

Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.

October 13, 2011 17:22

Bachmann’s right – It’s The CRA, Stupid!

“If you look at the problem with the economic meltdown, you can trace it right back to the federal government,” she said. “It was the federal government that pushed the subprime loans. It was the federal government that pushed the Community Reinvestment Act.”

December 31, 2010 08:19

How Government Failure Caused the Great Recession

The interaction of six government policies explains the timing, severity, and global impact of the financial crisis.

November 1, 2010 12:25

15 million homeowners ‘under water’ – flood of pending foreclosures?

FNC legal analyst Bob Massi discusses why millions of Americans can’t afford their homes.

October 23, 2010 09:54

The Barney Frank shuffle

New Sean Bielat ad highlights Barney’s flip flopping and dodging of his culpability in the housing crash and the Fannie Mae and Freddie Mac debacle.

October 15, 2010 14:27

How Economics and Politics, not Capitalism, Failed the Country

Understanding that failed government policies, not market failure, caused our economic challenges is critical to defining the appropriate cures. Since government created the problem, i.e. caused the disaster, it is irrational to believe that more government is the cure.

October 15, 2010 05:22

Barney’s Big Lie

Sean Bielat came out swinging in a pair of debates this week, blasting the 30-year congressman as “one of the leaders of the economic disaster” and pointing out that as a veteran of the House banking panel, Frank pushed Fannie Mae and Freddie Mac to load up on risky mortgages while fighting proposals to reform them.

September 28, 2010 16:20

Building the next subprime crisis

President Obama and Democrats in Congress haven’t moved to stop subprime lending — they’ve just taken it over.