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Subject Here we go again: Obama administration pushes banks to make home loans to people with weaker credit

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Original Message Good grief, didn't these idiots learn anything from the last housing credit debacle?

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

John Taylor, president of the National Community Reinvestment Coalition, a nonprofit housing organization. “It is very difficult for people of low and moderate incomes to refinance or buy homes.”

[link to www.washingtonpost.com]

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