As a young attorney working for the Community development (scammy) organization, ACORN in Chicago, he strong armed local mortgage lenders into giving mortgage loans to local residents who didnt meet the usual credit criteria.
Their loans looked okay for awhile and were made available to be sold to investors, as is the usual practice. But as they began going bad due to non performance (not paying the loans on time), those bad loans made the entire S&L industry go bad.
So, by the time Obama ran for POTUS, he was able to personally benefit from the seeds he had personally sown to destabilize the S&L ten years earlier.
And despite the repeated attempts by GWB to prevent the worst from happening, his representatives were unable to convince Haleem Jeffries and others, to take greater steps to safeguard the American people and the U.S. economy.
And Jeffries, this dirtbag in a Brooks Bros suit, has yet to acknowledge, explain or apologize for his despicable performance.
The idea of his becoming Speaker is an outrage.