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Obama helped force banks to make bad loans

examiner.com — subprime loans to minorities with bad credit helped lead to economic meltdown

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  • sarahlee, on 11/17/2008, -0/+2Not True.

    "A Register analysis of more than 12 million subprime mortgages worth nearly $2 trillion shows that most of the lenders who made risky subprime loans were exempt from the Community Reinvestment Act. And many of the lenders covered by the law that did make subprime loans came late to that market – after smaller, unregulated players showed there was money to be made."

    http://www.ocregister.com/articles/loans-subprime- ...

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