Why do some of the Yahoo! Answers right wingers keep repeating the lie that President Clinton forced banks to?

The right wingers can't tell the difference between fact and spin. That's what make Limbaugh and Hannity dangerous; they peddle spin instead of fact. If right wingers actually applied their critical thinking skills, Democrats wouldn't feel they need to bring back the Fairness Doctrine.

People at the political extremes who can't think for themselves generally have a set of convenient and over-simplified myths with which to bash the other side. In this particular case there is plenty of blame to go around; the mortgage brokers, the credit agencies, financial services management, regulators all played their part in creating the mess. Personally I lay most blame on the managements of the lending and insuring companies - no matter what the regulations say, running risks you don't understand is negligence.

Your quoting sub parts to the regulations written in the manual, and not accounting for the on the fly packaging that the lenders were encouraged to do, in an aggressive attempt to fill their greed sacks to the hilt. It wasn't the Clinton's, Reagan's, or the Bush's alone that led us down the path of economic darkness. It was the sum total of them all, and everyone around them that had their ear and their confidence. No bank or lending institution worth their salt should advertise zero down, no payment for a year loans, tuck them neatly into an ARM, and sit back to await payment, without expecting the sown seeds to revisit them. Cause, that's how they roll.

cra and fredddie and fannnie mae were documented loans--FACT!! I WENT THROUGH IT AND ITS A FACT.---what happened was there was a fiasco at fannie amd freddie regarding bad accounting and wall street stepped in and began doing what fannie and freddie did,--they started pkg'g loans.--but wall street did it without documentation--no money down,0% interest etc etc etc etc.---fox news and the likes of limbaugh are just brainwashed goon zombies.but they are worse than the goons from the night of the living dead,--because those goons you could kill if you killed the brain.--wheras the limbaugh gang are already braindead and they still live--lmao

because that isn't how it was used.. that is simply what it says...

try looking into the history of banks and lending institutions that were sued for not moving fast enough on increasing minority ownership and you might have a much better clue of what is going on... but then again.. you actually believe clinton which means your not really open to the truth.

Because its so much fun watching Bubba shake his finger and deny it: "Now you listen to me..........I did not sign my name on that legislation!"

thier stupid and drunk on the Kool aid , and every election they vote aginst themselves

Devil is exactly right!