Obama is blaming the "fat-cat bankers" for the recent recession.
You lie! Congress and the Clinton, Bush and Obama
Administrations are to blame. Bankers are trying to make money
in whatever economy they face. The Fed lowered interest rates
to 1%. This is a banker's dream. They can loan the money at
5% or more, make a tidy profit, give themselves a bonus and
redo their office.
When Congress passes Bills that favor one group over another,
they are racists and sexists. When the POTUS has his people
threaten discrimination suits against banks unless bad loans
are given to minority groups then bankers make forced decisions.
It is understandable that bankers would package the loans and
fence these hot instruments as quickly as possible!
The 1977 Community Reinvestment Act is a racist Bill - as was
the Civil Rights Act of 1965! Affirmative Action is a racist or
sexist - or both - policy. At Eglin AFB in the 1980s, the judge
ruled that if a minimally qualified minority (or woman) was on
a hiring - or promotion - roster then they would be selected.
The Federal Government is mediocre because it has not hired on
merit for decades. The same thing happened after the War for
Southern Independence in the late 1860s.
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