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Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!

 
Anonymous Coward
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10/19/2013 06:53 PM
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Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
Barack Obama's Signature is on the sub-Prime lawsuit.

Barack Obama's Role in the Sub Prime Mortgage Crisis

Barack Obama, lead Attorney for ACORN, successfully sued Citibank in 1994 under the Community Reinvestment Act (CRA) forcing banks to initiate more sub-prime loans nationwide, helping fuel the Sub Prime Loan Disaster.
President Clinton gives a brief description of the Community Reinvestment Act (CRA).




Investor's Business Daily added:
The revisions also allowed for the first time the securitization of CRA-regulated loans containing subprime mortgages. The changes came as radical "housing rights" groups led by ACORN lobbied for such loans. ACORN at the time was represented by a young public-interest lawyer in Chicago by the name of Barack Obama. (Emphasis, mine.)

Bad Loans & ACORN - Obama's tie to all of it

The Community Reinvestment Act (CRA) is a United States Federal Law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low and moderate-income neighborhoods. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining. President Clinton expanded the program in 1995 after the ACORN sued Citibank in which then Community Organizer Barack Obama acted as the lead attorney for ACORN in the lawsuit against Citibank.

Watch the Video Obama's Own words how they were going to collapse the banking industry.

Anonymous Coward (OP)
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10/19/2013 06:54 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
Obama is now blaming the collapsing economy on Republicans..


Wake up you fucking Retards!
Anonymous Coward
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10/19/2013 06:54 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
It started with the banks and continues on.
But thank you though.
Anonymous Coward (OP)
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10/19/2013 06:55 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
No it started with Obama... Listen to his own words now fuck off obamatard and the one star bandit..
Anonymous Coward (OP)
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10/19/2013 06:57 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
start at 5:52 and listen to Obama's own words on how he collapsed the housing and loan market..
Anonymous Coward (OP)
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10/19/2013 06:58 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
This thread should have a permanent pin for life..
Anonymous Coward (OP)
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10/19/2013 07:01 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
Acorn Received 760 million dollars from fanny and freddy which was headed by Obama!
Anonymous Coward
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10/19/2013 07:41 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
Don't forget Barney Frank - that twisted perv has his creepy paws all over it

how Barney Frank isn't in prison is beyond me - people actually interview him like he deserves any respect

The world is upside down and most people don't care or know.
Anonymous Coward (OP)
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10/19/2013 07:47 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
Anonymous Coward (OP)
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10/19/2013 08:41 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
free houses free food free phones...

yah its the republicans fault..
Anonymous Coward
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10/19/2013 08:43 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
Obama is now blaming the collapsing economy on Republicans..


Wake up you fucking Retards!
 Quoting: Anonymous Coward 39203807


If you're talking to the free shit army, you may as well save your breath.

They're the reality the whole zombie meme is modelled upon.
Anonymous Coward (OP)
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10/19/2013 09:22 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
expect that nuke hit from Japan soon...
Useless Cookie Eater

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10/19/2013 09:54 PM

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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
Obama is now blaming the collapsing economy on Republicans..

Wake up you fucking Retards!
 Quoting: Anonymous Coward 39203807



Nice article OP.

The "blame Bush, blame Republicans and call them racist" crap is now ignored and laughed at by most intelligent people.
It is rather pathetic isn't it?


bushsfault
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10/19/2013 09:56 PM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
Obama is now blaming the collapsing economy on Republicans..

Wake up you fucking Retards!
 Quoting: Anonymous Coward 39203807



Nice article OP.

The "blame Bush, blame Republicans and call them racist" crap is now ignored and laughed at by most intelligent people.
It is rather pathetic isn't it?


:bushsfault:
 Quoting: Useless Cookie Eater


'Where's Spain'?
Anonymous Coward (OP)
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10/20/2013 02:12 AM
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Re: Sub prime housing financial collapse started Under Jimmy Carter, Then expanded by Clinton, Then by Obama And Acorn!
bump

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