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Finally: McCain on Fannie, Freddie, and Obama

Posted by rightwinger on October 7, 2008

Finally the truth on the Fannie and Freddie Mac Economic Crisis. Obama`s hands are all over this from working for ACORN and forcing banks to make these low income loans under the Community Reinvestment Act in 1977. He represented ACORN in suing banks to force that these loans be made. Under Clinton the % of these high rish loans was upped to 50% of Fannie Mae and Freddie Mac`s portfolio.

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