Remember how the entire housing market collapsed and took the economy with it in 2008 in the ten years following Bill Clinton's executive order putting Subprime into Fannie and Freddie? Remember all that?
As time passes truth exposes villains and sometimes produces heroes. But the US Subprime housing collapse nose-dived the economy and has no heroes, just a ton of villains hiding in plain site.
Of special note are the three stooges Chris Dodd, Barak Obama and of course Bill Clinton.
Clinton's role has been noted. Clinton also lowered lending standards so the poor could qualify. And even more astounding, Clinton put quotas on the whole mess to really get the engine started.
Bush tried to stop the bleed in 2005 passing a Fannie reform bill in the GOP controlled House but was stopped by villian Chris Dodd's filibuster threat in the Senate.
Before Clinton made Subprime official at Fannie, Barack Obama was a perpetrator in the subprime real estate bubble. Ninety percent of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.
In the White House, Obama continues to force banks to do more Subprime. And if reelected, a brand new housing crash will no doubt result.
If you are still confused don't feel alone. Hitler knew the bigger the lie the more people believe it. The Subprime lie is one of the biggest in history!
Related
GM Subprime Auto Loans To Prop Up Sagging Sales
Obama Pushes Subprime Housing
Obama Wiped Out Black Middle Class
Fannie & Freddie Cornerstone Of Collapse
Forbes: Government Used To Make Subprime Bubble
Timeline Of Housing And Econ Crash
After Obama 'Are you better off?'
