Bush’s Financial Collapse

For years I have been saying the so called "Bush Depression" that happened during the last year of the Bush Presidency was indeed caused by democratic policies, specifically Jimmy Carter's 1977 Community Reinvestment Act, put on overdrive during Clinton's rage of "Redlining by Banks" against inner city minorities, later expanded to "No Deposit, No Income" liar loans were at the heart of it.

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Today Drudge has a link to an article by Daily Caller that shows Obama's participation in a discrimination law suit by 186 inner city clients in Chicago against City bank, only 19 of which are not in default or kept a clean credit record. Will this finally put the blame for the financial collapse where it belongs, on Bill Clinton and the democrats, who refused President Bush's attempt to rein in Freddie and Fannie as early as 2003. Herrmann Glockler

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