Obama: Subprime Loans a Good Idea

FNMA “encouraged very bad mortgages to be made by other banks . . .” under Obama’s adviser Franklin Raines.

Obama: Subprime Loans a Good Idea!

Do we want this man who pushed subprime loans (and still does); even thinks they are a good idea; even sued Citibank to force it to make more bad loans, as president?

Not only is his judgment bad; he is incapable of learning.

H/T: The IUSB Vision Weblog Obama Sued Citibank Under CRA to Force it to Make Bad Loans -Updated

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