lulz ... I love these idiots who aren't smart enough to figure out that banks gave out subprimes far beyond any government recommendations.
Banks found a way to make huge profits from subprimes. It doesn't take more than a few brain cells to figure out that they damn sure didn't need any government to tell them to do it at that point. Once the way to profit was found, clearly banks had their own incentives to give out shitty subprimes.
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The video actually tries to knock Obama for having some dealings with a guy that hadn't worked with Fannie in 8 years.
That's pretty ironic, seeing as McCain's top campaign manager was getting payments to lobby for Fannie/Freddie just last month.
http://www.newsweek.com/id/161218
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http://www.prospect.org/cs/articles?article=did_liberals_cause_the_subprime_crisis....the lenders subject to CRA have engaged in less, not more, of the most dangerous lending. Janet Yellen, president of the San Francisco Federal Reserve, offers the killer statistic: Independent mortgage companies, which are not covered by CRA, made high-priced loans at more than twice the rate of the banks and thrifts. With this in mind, Yellen specifically rejects the "tendency to conflate the current problems in the sub-prime market with CRA-motivated lending.? CRA, Yellen says, "has increased the volume of responsible lending to low- and moderate-income households."