Changes

In the 20-year history of the Community Investment Act, 85 percent-plus the money loaned out under it to poor inner city neighborhoods has been loaned in the five years since I've been President.<ref>[http://www.youtube.com/watch?v=WTZIB6Sika4 Bill Clinton,] PBS Newshour, January 21, 1998. youtube </ref>}}

In the 20-year history of the Community Investment Act, 85 percent-plus the money loaned out under it to poor inner city neighborhoods has been loaned in the five years since I've been President.<ref>[http://www.youtube.com/watch?v=WTZIB6Sika4 Bill Clinton,] PBS Newshour, January 21, 1998. youtube </ref>}}

For example, in 1993 lead attorney for [[ACORN]] Housing,  [[Barack Hussein Obama]] sued Citibank to force them into making [[Subprime loan|subprime mortgage]]s to unqualified minority borrowers. Obama alleged that although his clients had been denied mortgages "because of delinquent credit obligations and adverse credit," they were really victims of institutional racism. The suit was brought about by the Community Reinvestment Act, so called "affirmative action mortgage lending." The plaintiffs won $60,000, Obama and two other attorneys were paid $950,000 <ref>[http://www.forbes.com/2009/10/03/community-reinvestment-act-mortgages-housing-opinions-contributors-peter-schweizer.html A Poisonous Cocktail: Expanding the Community Reinvestment Act], Peter Schweizer, ''Forbes'', 10.05.09. ''Selma S. Buycks-Roberson v. Citibank'',</ref>

The threat of civil action caused many mortgage lenders to make what otherwise would be considered risky loans. For example, in 1993 lead attorney for [[ACORN]] Housing,  [[Barack Hussein Obama]] sued Citibank to force them into making [[Subprime loan|subprime mortgage]]s to unqualified minority borrowers. Obama alleged that although his clients had been denied mortgages "because of delinquent credit obligations and adverse credit," they were really victims of institutional racism. The suit was brought about by the Community Reinvestment Act, so called "affirmative action mortgage lending." The plaintiffs won $60,000, Obama and two other attorneys were paid $950,000 <ref>[http://www.forbes.com/2009/10/03/community-reinvestment-act-mortgages-housing-opinions-contributors-peter-schweizer.html A Poisonous Cocktail: Expanding the Community Reinvestment Act], Peter Schweizer, ''Forbes'', 10.05.09. ''Selma S. Buycks-Roberson v. Citibank'',</ref>

===Mexican Peso bailout===

===Mexican Peso bailout===