LisaLisa47

The Credit Bubble: Deregulation Gone Wild

Also, I need to add that you are including Soros' comments as being credibly true? Wow.

Hmmm...I wouldn't believe any of his words, knowing some of his other, less-than-credible statements -- including one that he believes he is God. Uh-huh...right. The man belongs in a padded cell and a straight jacket.

The Credit Bubble: Deregulation Gone Wild

It actually began back in 1977, during the Carter administration, when the CRA was originally enacted, but was modified and reinforced when the Clintons were in the White House. It was also during that time that when Barack Obama as a lawyer, represented ACORN in a lawsuit against a couple of banks (one of them, CitiBank), charging them with discrimination in an effort to pressure them into granting loans to those who had no ability -- or intent -- to pay them back. Then, there were people like Barney Frank, Chris Dodd and Chuck Schumer, who received votes and sweetheart deals for their "noble" efforts in promoting ACORN's agenda. Also, during the most of the years this was all developing, the Republicans were not the majority in Congress, so the Democrats were always able to out-vote the Republicans throughout the yeas that the CRA was in full-force.

The odds are that sadly, none of the people who were involved in the whole mortgage mess will be prosecuted. And yes, there were, are and always will be a double standard, because if this had all been initiated, and promoted by the Republican Party, you know darn well that they would have been indicted and convicted by a jury of their peers.