The Financial Mess: How We Got Here

Quoting Abraham H. Miller,
emeritus professor of political science,
University of Cincinnati:

“I am not suggesting that the CRA [Community Reinvestment Act] by itself led to the current crisis, but the CRA was the first and most important part of the food chain.”

I would say the CRA, combined with the Clinton “enhancements” to the CRA, created the catalyst for a chain reaction. Without that catalyst, this financial mess never would have happened.

In this essay, Dr. Miller both lays out the details of how Democrats caused this mess and eloquently articulates the futility of arguing the point with the hopelessly indoctrinated.

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