http://www.americansagainstobama.com/2008/10/12/video-obama-saying-acorn-will-shape-his-presidential-agenda/ Exposing Lies and Agenda of the Obama Administration Tue, 13 Dec 2011 04:04:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.americansagainstobama.com/2008/10/12/video-obama-saying-acorn-will-shape-his-presidential-agenda/#comment-207 sean harrington Mon, 13 Oct 2008 04:34:16 +0000 http://www.americansagainstobama.com/2008/10/12/video-obama-saying-acorn-will-shape-his-presidential-agenda/#comment-207 What’s interesting about this video is that it blames the Community Reinvestment Act for the sub-prime crisis, yet even Business Week (by no means a liberal magazine) acknowledges that the CRA is not to blame. The majority of sub-prime loans were made by institutions who are not even regulated by the CRA. And Robert Gordon, a senior fellow at the Center for American Progress, even said “It’s telling that, amid all the recent recriminations, even lenders have not fingered CRA. That’s because CRA didn’t bring about the reckless lending at the heart of the crisis.” <a href="http://straighttalkonmccain.blogspot.com/">http://straighttalkonmccain.blogspot.com/</a> What’s interesting about this video is that it blames the Community Reinvestment Act for the sub-prime crisis, yet even Business Week (by no means a liberal magazine) acknowledges that the CRA is not to blame. The majority of sub-prime loans were made by institutions who are not even regulated by the CRA. And Robert Gordon, a senior fellow at the Center for American Progress, even said “It’s telling that, amid all the recent recriminations, even lenders have not fingered CRA. That’s because CRA didn’t bring about the reckless lending at the heart of the crisis.” http://straighttalkonmccain.blogspot.com/

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