Bill Clinton, Home Wrecker


Bill Clinton, Home Wrecker – Investors.com.

“Rewind to 1994. While everyone was worried about Clinton socializing health care, he was busy socializing mortgages. To boost minority homeownership, Clinton toughened anti-redlining rules and launched a federal assault on mortgage underwriting standards.

He enlisted no fewer than 10 federal regulatory agencies to crack down on prudent lenders. He named his anti-bank SWAT team the Interagency Task Force on Fair Lending.”

The genesis of a lot of problems today can be tied back to Clinton; subprime lending, keeping Fannie alive and well, repealing Glaas-Steagall Act.

Advertisements
%d bloggers like this: