Clinton Library's Doc Dump Reveals CRA Fueled Subprime Bubble

Subprime Scandal: Newly released memos from the Clinton presidential library reveal evidence the government had a big hand in the housing crisis. The worst actors were in the White House, not on Wall Street. --During the 1990s, former Clinton aides bragged that more aggressive enforcement of the Community Reinvestment Act pressured banks to issue riskier mortgages, lending more proof the anti-redlining law fueled the crisis.

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When Will Our Progressive Corporatism Nightmare End?

HERITAGE/FOUNDRY, 10/22/2010 - $154 billion. That is the amount of taxpayer money that will be needed to bail out Fannie Mae and Freddie Mac according to a new "stress test" performed by the Federal Housing Finance Agency. And that is the good news. If the economy dips into a second recession and foreclosures rise, the Fannie and Freddie bailout could nearly double in size. The agency, which oversees Fannie and Freddie, released the numbers "to inform public debate about the future of the two companies" ahead of expected Obama administration proposals slated for early next year. But if you are hoping for major policy changes from this administration, don't hold your breath. Read more at the Foundry... Read More......