mnakagawa Wrote:
Sep 13, 2012 10:02 AM
The root cause of the worst recession since the depression is the melt down of real estate financing institutions.The root cause of this melt down of real estate financing institutions is a legislation called Community Reinvestment Act which is passed in the time of president Clinton pushed by people like Barney Frank, Jean Garafalo. In Bush presidency, some Republicans Congress tried to reform this legislation, but this reform bill was blocked by Democrats including Barak Obama.