The Real Reason for the Financial Crisis

Here is the pretty straight-forward reasons behind our current financial crisis and how trusting John McCain to “fix” the problem that he helped create is ludicrous.

Republicans have started to blame President Carter and the Democratic Congress in 1977 for causing this current mess by passing and signing into law the Community Reinvestment Act, which said credit companies must not restrict their OFFERS for credit. This is the reason why you and I get butttloads of “pre-approved” credit offers in the mail. It doesn’t mean we will actually be granted credit, but they can’t be restricted from offering it to you.