"Obama helped turn up the heat on lenders when he represented plaintiffs in the 1995 class action lawsuit Buycks-Roberson v. Citibank. The suit demanded the banks mortgage lending be apportioned equally among minority and non-minority applicants. Citibank settled and reportedly took on riskier borrowers."

"Economist Stanley Liebowitz wrote that the current mortgage market debacle is 'a direct result of an intentional loosening of underwriting standards—done in the name of ending discrimination, despite warnings that it could lead to wide-scale defaults.'

"Political activism drove the banks to make irresponsible decisions, and it has put taxpayers on the hook for bank and housing bailout packages costing potentially trillions of dollars."

Exactly!

Source: Matthew Vadum

"wake up the world"