Tuesday, June 12, 2012

Obama responsible for sub-prime mortgage bubble.

You see, as it turns out, Obama is directly responsible for the sub-prime mortgage bubble and it's subsequent melt down...

"Once in the Senate himself, Obama joined with Dodd to block a 2005 bill that would have curbed Fannie Mae's funding of the high-risk mortgage bubble. By 2005, nearly 20 percent of new U.S. mortgages were subprime loans."


Post a Comment

<< Home