Friday, November 13, 2009

Oh, I thought it was GWB

Edward Pinto: Acorn and the Housing Bubble - "All agree that the bursting of the housing bubble caused the financial collapse of 2008. Most agree that the housing bubble started in 1997. Less well understood is that this bubble was the result of government policies that lowered mortgage-lending standards to increase home ownership. One of the key players was the controversial liberal advocacy group, Acorn (Association of Community Organizations for Reform Now)."

No comments: