Want to know why Congress is about to give $700 Billion of your money away to bail out banks that made lousy decisions. Watch this video and find out.
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Admittedly it's a bit biased but it shows how this all comes from the Community Reinvestment Act which Carter signed into law, but was then used by the Clinton Justice Department to force banks to make loans to people with lousy credit, thereby creating a new class of mortgages.. the Sub-prime Mortgage... However, both parties are to blame since the Democrats had a lot of Republicans on board to help them pass the legislation, and to block reforms.
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