It was the democrats that started the sub prime mortgage with the Clinton Administration.
The Democrats hold the majority in congress. And Obama along with Acorn getting bad loans from banks, with the use of intimidation. Thank you Obama fans. Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs. Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, some people who couldn’t afford them. The blame for the economy is the Democrats who do hold the majority in Congress.

 

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