Feds set to sue banks for making bad loans the feds demanded they make

Feds set to sue banks for making bad loans the feds demanded they make. The Community Reinvestment Act, championed by the likes of Barney Frank and Barack Obama, required banks to lend money to people unlikely to pay it back. Now, the Feds are about to sue those same banks for making those same bad loans. A Democrat is someone who blows up a building and then sues the manufacturer for making a dangerous explosive, the builder for putting up a building for him to blow up and the police for failing to stop him. And if you point this irony out to him, he’ll say you’re blaming the victim.

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

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