How 'Community Organizers' (like Obama) Created the Subprime Crisis

How 'Community Organizers' (like Obama) Created the Subprime Crisis

"Eventually Barack joined the civil rights law firm, Miner, Ballard and Galland, where he specialized in fair housing. That's where he did work for the (now indicted) Syrian-born entrepreneur Tony Rezko. Rezko was a very powerful and politically connected urban real estate developer who did quite a lot of business with the government. Rezko helped Barack go from public interest lawyer to State Senator. And Rezko didn't just help Barack into the upper legislative house, he helped him into his family house as well. One wonders to what degree Rezko was helped by low-income-sub-prime-lending-fair-housing-industrial complex of urban Chicago. For all the details we may need to wait for the Rezko trial.

One thing, however, is perfectly clear already. Obama spent his pre-elected career working right in the middle of the complex of law firms and activist groups which use law and regulations to push banks into vastly increasing their lending to Subprime borrowers right in the middle of the golden age of the expansion of the Subprime industry."