As a reminder, the Community Reinvestment Act played a huge role in the 2008 financial crisis. Big banks were pushed by the federal government to give loans to people who could not pay them back. The banks tried to make this work, but eventually the whole house of cards came crashing down. It is shockingly dishonest for Barack Obama and his cronies to blame the banks for the crisis that the government created with foolish policies like the CRA.
The Community Reinvestment Act
The Community Reinvestment Act
The Community Reinvestment Act
As a reminder, the Community Reinvestment Act played a huge role in the 2008 financial crisis. Big banks were pushed by the federal government to give loans to people who could not pay them back. The banks tried to make this work, but eventually the whole house of cards came crashing down. It is shockingly dishonest for Barack Obama and his cronies to blame the banks for the crisis that the government created with foolish policies like the CRA.