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12/13/08, 12:46 PM   #23
Re: My thoughts on the economy...
cecil98
cecil98 is offline
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Join Date: Jul 2007
Posts: 1,399
 

While I couldn't be more disappointed in "W" and the GOP as a whole, this mess was "seeded" during the Carter administration with the "Community Reinvestment Act" and the expansion of it's scope and influence in 1993. When you loan money to people on a grand scale, who have no way, or intention, of paying it back, this is what you get.