Well of course everybody knows that anything that has ever gone wrong in our great nation is the fault of the Clenis, except for this one
The subprime mortgage collapse is another tale of unintended consequences.What else even is there to say? Jimmy F.ucking Carter. It's all HIS fault. Okaaaaaaay! Time for a beer, or twelve.
The crisis has its roots in the Community Reinvestment Act of 1977, a Carter-era law that purported to prevent "redlining" - denying mortgages to black borrowers - by pressuring banks to make home loans in "low- and moderate-income neighborhoods.
No comments:
Post a Comment