Tuesday
Sep302008
Gingrich blames Clinton and Carter for Mortgage Crisis
Staff
Newt Gingrich says the basis for the current mortgage crisis is a result of policies pursued by the Carter and Clinton administrations which pushed to allow every American to own a home. (0:45)
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Reader Comments (2)
Gingrich blames poor people and their advocates, not the greedy mortgage officers who made loans when they should not have. Did the loanee hold a gun to the head of the loaner?
It is a loan officers job to evaluate their clients ability to pay.
What a crock. As if 1. Carter and Clinton could see the end result so far in the future 2. there's been no opportunity to make mid-course corrections, mostly during Republican administrations and, especially during the last ~8 years, when the GOP held the whole shootin' match--President, House, Senate and the Supreme Court.
What Gingrich started was nothing less than a continuing criminal enterprise, aiding his wall street buddies and raping the public.