Obama Works On Creating A Housing Crisis Part 2
Posted By: rightwingnews      1/25/2013 11:46:00 AM
Right Wing News, by John Hawkins
Original Article

The housing crisis that tanked the economy at the end of the Bush Administration was created by Congress. Congress wrote the rules in a way that almost forced banks to make risky loans. That led to an over-expansion of the housing market and that, combined with a large number of defaults, caused the housing bubble to pop. That’s when the derivatives helped spread the problem world wide, but of course, if Congress hadn’t engineered the disaster in the first place so they could run campaign commercials bragging about how many Americans had homes, there would have been no problem to