Tag Archives: Community Reinvestment Act

Obama is partly responsible for the subprime mortgage crisis.

“President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.”

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Obama is at fault for the 2008 Financial Crisis

Despite Obama’s motto– “Blame Bush!”– in reality, Obama is the President at fault for the 2008 Financial Crisis. Obama supported the Community Reinvestment Act that led to the financial crisis.  Even worse: Obama was a top recipient of Fannie Mae and Freddie Mac campaign contributions between 1989 and 2008.