NObama sued banks that didn’t appear to him to have approved enough loans to people who couldn’t afford to pay them back. He then trained a group called ACORN to harass bank managers at their businesses and private homes while another branch of ACORN lobbied socialist elected officials and a president to extend law to pressure lenders nationallly. They were successful on both efforts.

The communists in Congress literally threatened lenders with the law until lenders created a complicated way to make these obviously bad loans profitable yet, once you’ve been pushed off a cliff it’s insane to push yourself faster to the bottom.

Lenders packaged these bundles with other loans and sold them after only 45 days to other institutions who bought them with the knowledge the government was guaranteeing the loans through Fannie Mae & Freddie Mac which is how they made their way to infecting other markets.

Once the infection had spread far enough any dominoe that fell caused many others to fall with them.

So, this, without listing all of his participation, is how America owes Obama so much for his direct complicity before, during and after the fact of doing what no other criminal or tyrant has ever done before…bringing America to its financial knees.

Planting Seeds of Disaster by Stanley Kurtz
ACORN, Barack Obama, and the Democratic party.
http://article.nationalreview.com/?q=ZjRjYzE0YmQxNzU4MDJjYWE5MjIzMTMxMmNhZWQ1MTA=

Plausible deniability? by Dr. John Lott 9/22/08
http://www.foxnews.com/story/0,2933,425924,00.html