Prince of Peeps says: Once again from the top, in case you have forgotten how we got into this financial crisis, IBD Editorials explains it, while defending themselves from another Leftie attack for bringing the truth to light. The Libs are guilty as sin, and are fighting hard to deny it and keep it covered up. They blame everyone but themselves, hoping to obfuscate the situation. The truth is that Jimmy Carter’s Community Reinvestment Act, given regulatory teeth by Bill Clinton, used by ACORN as a bludgeon against lending institutions, and supported and encouraged by Barney Frank, Chris Dodd and all their cronies, is at the center of it all. There is no way around it.
From the IBD article:
In light of the Obama administration’s stated goal of expanding the CRA, separating fact from fiction regarding this issue is of towering importance — to set the historic record straight and to prevent another financial calamity. (Follow the link to read all about it, a good explanation of how we got where we are today, and who drove the bus.)