... will stink just as bad.
The Community Reinvestment Act and the (soon to be resurrected) $700 billion bad mortgage bailout bill that the CRA forced to be created are just pay-offs by our politicians for their white guilt. They never use their own money, first they forced banks to write loans they had no business writing and now they'll milk the taxpayers to payoff the mortgages of these Organized Communities who will not pay their mortgages themselves.
Today we pitched in another ONE TRILLION DOLLARS in lost stock equity. I think we've paid enough reparations already.
Stanley Kurtz lays out the story of Barack Obama, Poverty Pimp, here. Read it.
4 years ago