Obama might be the dumbest president we have ever had.

[Final-Fan]

Tyrannical said:

Final-Fan said:
Also, is it even true?  (About the Democratic policy leading to the failed loans.)  I understand there was a program that's been around since the '70s; what evidence is there that these loans are failing in greater proportion than other subprime mortgages that have nothing to do with that program (or some other specific program such as you describe)? 

Who do you think the subprime loans were going to? Poor/minority borrowers who could not otherwise afford a home, who then defaulted when the adjustable rate increased.

But you said it was because of some Democratic program, not greedy/stupid banks.  I'm asking what evidence you have to support that statement that the subprime mortgage crisis' massive loan failures was in any large part a result of a Democratic program influencing banks to lend to poor/minority people.  Saying 'well obviously it was them cuz the subprimes obviously went to poor people' is not acceptable. 

Also, are you now saying minorities are ipso facto less financially sound??  That's the only reason I can think of for you to include them in that statement. 

[edit:  A_T was first and better]