Quote:
"There is no sense or advantage to making a false statement. Financial blow-outs usually have more than one cause."

Yep: Same old tied Libtard argument. "Everybody is doing it so you can't just single out the instigator".

The onset on the housing market meltdown was the Community Re-investment Act of 1977 and the "loosening"; elimination is a more accurate term, of lending requirements under the Clinton Administration.
If neither of those had occurred the housing meltdown in all probability would never have happened.
You can still go down to gang ridden drug infested Maricopa and buy a 5 year old 2300 square ft. home for under $100,000. Replacement cost would be over $200,000. Guess who is picking up the tab for the difference.
Hint: It's NOT the leeches that support Obama!!


The 2nd Amendment IS an unalienable right.