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Perhaps you might want to read this:




http://en.wikipedia.org/wiki/Community_Reinvestment_Act#Regulatory_changes_1995



So who removed all the regulations from the banking system in order to make loans more available to low lifes, I ask? Republicans weren't in control of the white house in 1995!!! Although, the liberal media wants everybody to think that the demise of our economy was as result of the republican run congress.


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