By Peter Schweizer
In Architects of destroy, big apple instances bestselling writer and conservative historian Peter Schweizer argues that the industrial trouble was once as a result of liberals who used the ability of presidency to create a subprime personal loan bubble that has ravaged the worldwide economic climate. Rebutting fees that the monetary cave in used to be as a result of conservative deregulatory zeal, Schweizer, the writer of Do as I Say (Not as I Do): Profiles in Liberal Hypocrisy, indicates that it was once really the results of “do-good capitalism.”
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Extra resources for Architects of Ruin: How Big Government Liberals Wrecked the Global Economy--and How They Will Do It Again If No One Stops Them
And with the economy suffering from inflation, unemployment, and high energy prices, federal funds were not as plentiful as many liberals would have liked. In his remarks to introduce the CRA, Proxmire noted, “Government through tax revenues and public debt cannot and should not provide more than a limited part of the capital required for local housing and economic development needs…. The banks and savings and loans have the funds…. ” Putting it that way made it sound like a partnership, but it was more like an offer they couldn’t refuse.
Many of those people were found guilty. When rumors spread soon afterward that a local bank branch might be closed and reopened in the suburbs, 150 activists held an Alinsky-style bank-in. Some brought their children, who cashed in thousands of pennies. The parents opened savings accounts for one dollar apiece. Others bought money orders for a dollar. They tied up business so badly that the bank president was forced to negotiate. 17 These early successes led Cincotta to raise her sights dramatically.
Architects of Ruin How Big Government Liberals Wrecked the Global Economy—and How They Will Do It Again If No One Stops Them Peter Schweizer For Rochelle Contents Introduction A Failure of Capitalism—or Liberal Social Engineering? 1 The Robin Hood Agenda How a Gang of Radical Activists and Liberal Politicians Set the Stage for the Biggest Bank Heist in History 2 $4 Trillion Shakedown The Left’s Activist Jihad Against American Banks 3 The Clinton Crusade How Democrats Made Credit a Civil Right 4 Cover Your Fannie How Fannie Mae and Freddie Mac Were Taken Over by Liberal Activists 5 The Golden Trough How Liberal Politicians Used Fannie and Freddie to Rig the Real Estate Market While Lining Their Own Pockets 6 Do-Good Capitalists Bill Clinton’s Seduction of Wall Street and the Birth of the Bailout Culture 7 Minority Meltdown A Tale of Two Bubbles 8 Robin Hood Comes to the White House How Barack Obama’s Plans to Use Liberal State Capitalism Will Create the Next Big Economic Meltdown Acknowledgments Notes Searchable Terms About the Author Other Books by Peter Schweizer Copyright About the Publisher INTRODUCTION A Failure of Capitalism—or Liberal Social Engineering?
Architects of Ruin: How Big Government Liberals Wrecked the Global Economy--and How They Will Do It Again If No One Stops Them by Peter Schweizer