Bill Clinton was responsible for The Great Recession and the looming housing bubble

W deserves more credit for signing TX legislation that helped the state get through the housing collapse relatively unaffected. The media ignored this while families in most other states were ruined.

Black Caucus
Barney Frank
95% of democrats in general
And now here we go again with this stupidity

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Barney frank and al Greenspan.

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Fun fact, Frank first got elected to office after a Priest resigned following Pope John Paull II calling for priests to withdraw from politics.

And thats the beginning of our first openly gay man in congress, who later marries a gay man.

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Bill Clinton was responsible for The Great Recession and the looming housing bubble

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There was plenty of blame to share, and boiling it down to one single party is an oversimplification.

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And they are repeating it.

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How are they repeating it?

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In 1998, Clinton signed the Fair Housing Act.

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That was only a small (but important) part of it.

Carter got the ball rolling with the CRA (Community Reinvestment Act of 1977). HW Bush tied Freddy Mac/Fannie May CEO bonuses to the amount of sub-primes they underwrote.

Clinton pushed the Fair Housing Act but also forced banks to push more sub-prime loans by telling them the federal government wouldn't allow them to merge, open off-site ATMs, etc. without more sub-primes.

For all his faults, GWB tried to call attention to this at the onset of his first term and the Dems in Congress lambasted him as being a racist for it. In true GOPe fashion, he tucked tail and ran away from the subject.

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That was only a small (but important) part of it.

Carter got the ball rolling with the CRA (Community Reinvestment Act of 1977). HW Bush tied Freddy Mac/Fannie May CEO bonuses to the amount of sub-primes they underwrote.

Clinton pushed the Fair Housing Act but also forced banks to push more sub-prime loans by telling them the federal government wouldn't allow them to merge, open off-site ATMs, etc. without more sub-primes.

For all his faults, GWB tried to call attention to this at the onset of his first term and the Dems in Congress lambasted him as being a racist for it. In true GOPe fashion, he tucked tail and ran away from the subject.

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This is an excellent recap of what actually happened. Great job.

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Clinton pushed the Fair Housing Act but also forced banks to push more sub-prime loans by telling them the federal government wouldn't allow them to merge, open off-site ATMs, etc. without more sub-primes.

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Y’all are missing the true Architects of the scheme. Research a well hidden Atty from Alabama named Jack Miller, Sen All D’Amato, and their ties / relationships with the Clintons dating back to the mid ‘70’s early 80’s in Arkansas. Interstate Baking, Federal Savings Banks, and Wall St / S&L deregulations were all designed to make it easier to launder money.

Don’t forget who really owns/controls the FED.

A rabbit hole.

Excellent