Obama and the Democrats first strong-armed banks and lenders into irresponsible behavior, then looked the other way and feigned innocence during the collapse that soon followed?
Old news, except it isn’t. Last week, in regard to the devastating housing fraud that helped collapse the U.S. economy, a Reuter’s headline read: “U.S. Sues Bank of America for Alleged Mortgage Fraud.” According to Reuters, Barack Obama’s Justice Department “filed a civil mortgage fraud lawsuit against Bank of America, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses.”
