Smoking-gun document ties Govt policy to Housing Crisis. “At President Clinton’s direction, no fewer than 10 federal agencies issued a chilling ultimatum to banks and mortgage lenders to ease credit for lower-income minorities or face investigations for lending discrimination and suffer the related adverse publicity. The threat was codified in a 20-page ‘Policy Statement on Discrimination in Lending’ and entered into the Federal Register on April 15, 1994, by the Interagency Task Force on Fair Lending.” Politicians forced banks to make bad loans in the name of “fairness” and now are blaming the banks for making bad loans.
