U.S. Vice President Forum
 
U.S. Vice President

Which President is to blame for the huge housing crisis.

posted Friday, November 27, 2009 9:47:10 AM by asha

He started the redistribution of wealth with the democrats. Look at the huge sums Bill Clinton paid Wall Street to get them to support him. When Wall Street lost a trillion in Mexican bonds Bill Clinton bailed them out. Why would anyone think Mexican bonds were a safe bet is beyond me. But don't go hostile on Mexican banks yet, we are now as deregulated and bad as the Mexican banks were. Our economy is on the brink of disaster.

Who started the community reinvestment act that let Feddie and Fannie lend money to people with horrible credit? Bill Clinton. I had a conversation with a black gentleman who said he didn't support Bill Clinton because he never did anything to help black people. Are you serious? This must be the only black person who didn't get a loan through Bill Clinton. If so god bless him. Bill Clinton gave trillions, TRILLIONS! of loans out through Freddie and Fannie to blacks to buy homes and the American dream.

Now from the the 1990's to today and find out where the huge mess is. It is with Freddie and Fannie. Imagine that. Thirty percent of the loan failures are from the houses bought through community reinvestment act. Who supports the community reinvestment act? Obama, Clinton, Barney Frank, and Senator Chris Dodd. I am now convinced these people are out to destroy the small businessman and middle class American who is now burdened with 15 trillion in debt.

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