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Our Government-Created Financial Crisis

Jerry555 Wrote: Dec 12, 2012 8:30 PM
Three C's Carter Clinton CRA Community Reinvestment Act. Clinton revived the Subprime Housing Loans Program, and Dodd Frank and Schumer were all on board. Once they Forced the Banks FULL of SubPrime Loans, 'Ole Schumer called his banking buddies and IndyMac folded like a house of Cards... The Run was on. Housing/Financial Crises, just what the Dr ordered. Schumer got to write the Dodd Frank Law and put his Crony friends in there, like George Soros, so they could call their hedge funds 'Family' businesses and not pay taxes. http://dodd-frank-h.blogspot.com/ READ IT.
Marie150 Wrote: Dec 12, 2012 10:11 PM
Even worse is Social Security and Medicare and Medicaid. Now we are slapped with OBAMACARE.

Suppose you saw a building on fire. Would you seek counsel from the arsonist who set it ablaze for advice on how to put it out? You say, "Williams, you'd have to be a lunatic to do that!" But that's precisely what we've done: turned to the people who created our fiscal crisis to fix it. I have never read a better account of our doing just that than in John A. Allison's new book, "The Financial Crisis and the Free Market Cure."

Allison is the former CEO of Branch Banking and Trust, the nation's 10th largest bank. He assembles...