They're baaaaack.......Obama, in his community "organizer" days, along with similarly-minded Democrats, led the fight, starting with the Community Reinvestment Act, to force banks to give mortgage loans to potential borrowers with bad credit. Well, some would say that ended very badly, in , oh, about 2008. Since then lending standards have returned to the time-tested, rational way of doing such things.
However, if one takes the view that the true goal of some politicians is to bring the system down upon itself, expecting then that the "people" will clamor to give more power to those who seek to control the proletariat, then this comes as no surprise:
Headline from the very-liberal, no less, Washington Post (link):
"Obama administration pushes banks to make home loans to
people with weaker credit"
When at first you don't succeed, ....
John M Greco
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